Family Finances: Supporting Mom and Dad Nearly Ruined Me

Written by Claude Thau

September 23, 2020

AARP survey in fall 2019 showed that 32% of adults with living parents had given money to their parents in the past 12 months, most commonly $1000-$5000, usually on an on-going basis. 55% used it on groceries, 40% on housing, 35% on health care, 34% on personal items, and 32% on utilities. Find the article at

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