How Parents Support Their Adult Children
A new study in the Journal of Marriage and Family confirms a trend that journalists, financial advisers, and older parents have know about for some time: These days, many parents provide financial and other forms of support to their sons and daughters well after they turn 18, and richer parents offer more financial support than poorer ones. However, parents of lower socioeconomic status (SES) give their adult children more of several kinds of intangible support, and on other measures parental SES does not seem to matter.