{"id":1904655,"date":"2023-03-24T21:13:53","date_gmt":"2023-03-25T01:13:53","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/forty-five-percent-of-parents-are-helping-their-adult-children-financially\/"},"modified":"2023-03-24T21:14:38","modified_gmt":"2023-03-25T01:14:38","slug":"forty-five-percent-of-parents-are-helping-their-adult-children-financially","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/forty-five-percent-of-parents-are-helping-their-adult-children-financially\/","title":{"rendered":"Forty-five percent of parents are helping their adult children financially"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fforty-five-percent-of-parents-are-helping-their-adult-children-financially%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1904655&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_79683237\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\"><meta itemprop=\"name\" content=\"AOC cries 'fascism' as Republicans advance parents bill of rights\"><meta itemprop=\"description\" content=\"House Democrats took to the floor of the U.S. House of Representatives Thursday to denounce a GOP bill on parental rights, saying the bill was fascist and would lead to book bans. In a series of floor speeches on Thursday afternoon, House Democrats accused their Republican colleagues of wanting to ban books and prevent children from learning about the holocaust and gay and transgender issues as the House began a heated floor debate on HR 5, the Parents Bill of Rights.\"><meta itemprop=\"duration\" content=\"PT1M26S\"><meta itemprop=\"uploadDate\" content=\"2023-03-24 17:15:30\"><meta itemprop=\"thumbnailURL\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/snapshot\/1268867_th_641de1c70b166_1679679943.jpg\"><meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1268867.mp4\"><\/div>\n<p><script type=\"text\/javascript\"> var _bp = _bp||[]; _bp.push({ \"div\": \"Brid_79683237\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1268867\"} }); <\/script><script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<\/div>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">B<\/span>eing an adult is expensive \u2014 so expensive that some parents are helping their adult <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/children\" target=\"_blank\" rel=\"noopener\">children<\/a> financially even after they are living on their own. <\/p>\n<p>At least one of their female children is <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/money\" target=\"_blank\" rel=\"noopener\">financial<\/a>ly supported by 51 percent of kids. When parents without disabled children are included, the whole drops to 45 %, including families whose children may be disabled. People between the ages of 20 and 24 make up the majority of those who receive <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/money\" target=\"_blank\" rel=\"noopener\">financial<\/a> support from their parents, at 52 %. According to <a class=\"Link\" href=\"https:\/\/www.savings.com\/insights\/financial-support-for-adult-children-study\" target=\"_blank\" rel=\"noopener\">the study<\/a> by Savings, those between the ages of 25 and 29 are followed by those at 17 %.<\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/ikea-shoppers-eligible-claim-share-settlement\" target=\"_blank\" rel=\"noopener\">Available IKEA SHOPPERS TO Promise SHARE OF A$ 24 MILLION SETTLEMENT<\/a><\/b><\/p>\n<p>The average monthly amount of parents who give their grown sons financial support is over$ 1,400. The biggest areas where parents helped their kids were with college costs like tuition, fee, and mortgage.<\/p>\n<p>According to the study, parents typically give their kids$ 245 in student loan payments each month. 18 % of parents of young children are helping with school loans, while 23 percent of Parents of Generation Z children help their children spend their student debts.<\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\">READ MORE FROM THE WASHINGTON EXAMINER BY CLICKING HERE<\/a><\/b><\/p>\n<p>In addition, 58 % of the parents who participated in the study said they would lead a more frugal lifestyle, 44 % responded by withdrawing money from their savings or retirement account, 33 % responded, 25 % by taking on debt, 16 % by coming out of retirement, and 10 % by refinancing their home. 19 % of respondents said they wouldn&#8217;t take any of the aforementioned action.<\/p>\n<p>In the United States, the research spoke with 1,000 families of grownup children. In February 2023, the survey was conducted electronically.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Being an adult is expensive \u2014 so expensive that some parents are helping their adult children financially even after they are living on their own. Fifty-one percent of parents financially support at least one of their adult children. That total includes parents whose children may have a disability, and the number goes down to 45%<\/p>\n","protected":false},"author":1,"featured_media":1904656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[9175,4294,15399,22739,7272,5007,6157],"class_list":["post-1904655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-adult","tag-children","tag-financially","tag-forty-five","tag-helping","tag-parents","tag-percent"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1904655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1904655"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1904655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1904656"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1904655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1904655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1904655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}