A new survey from CreditCards.com shows that 20% of fathers would help their children to pay off $20,000 or more in debt, even without expecting to be repaid. Just 12% of mothers said they would make the same decision.
In both cases, parents were willing to help pay off credit cards, a mortgage, or student loans, and were much less likely to help pay off gambling debts.
You can read an article about the survey here.
Related Posts
Financial planning when adult kids move homeThis recent article from the Wall Street Journal offers some good financial planning advice for families with adult children moving home.Their key tips: Establish a Plan Share personal financial information Preserve retirement plans Older parents…
Adult Children in the NewsAdultChildrenLivingatHome.com has been featured in a number of news stories lately -- further evidence that multi-generational living is a growing trend. You can find information about all of my work with the media on the…
"Convenience" brings adult kids home to nestA study released last month in Australia shows that while some adult kids are moving home for financial reasons, some just like the fringe benefits that come with living with Mom and Dad. According to…