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AARP Home » Relationships » Parenting »In Sluggish Economy, M...

In Sluggish Economy, More Young Adults Are Banking on Parent's Aid

4 things to consider before offering financial help

by: Dr. Jeffrey Jensen Arnett, Elizabeth Fishel, from: AARP, January 6, 2011

En español │For decades, parents stretched to pay for their children's college tuition and expenses for four years, and then the check writing stopped. But today's extended road to adulthood and harsh economic realities are pressuring the "Bank of Mom and Dad" to stay open much longer: Almost three-quarters of students ages 18 to 25 are getting some financial help from parents, according to a recent Pew Research Center study. Consider these changes: … Back to Article

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