Many Adults Are Helping Their Parents Financially Despite Strain – The New York Times

Many Adults Are Helping Their Parents Financially Despite Strain – The New York Times:

“Many adults give financial support to their parents, despite feeling a strain on their own budgets, new research finds.

About a third of adults in their 40s, 50s and early 60s said they had given a parent money in the past year, according to a new survey from the research arm of AARP, the advocacy organization focused on older Americans.”

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