✉news BusinessFinance first seen 6 h ago, last 50 min ago, peak #2
37% of parents now rely on grandparents for financial help
Original: The affordability crisis made 37% of parents count on financial help from parents or grandparents
A new report finds that 37% of parents count on financial help from their own parents or grandparents as the affordability crisis strains household budgets. The figures point to a growing reliance on intergenerational support to cover everyday costs, with families increasingly dependent on older relatives to make ends meet amid rising prices and expensive housing.
Why now: The affordability crisis is squeezing young families, making reliance on inherited or transferred wealth a widely relatable talking point.
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Evidence
- The affordability crisis made 37% of parents count on financial help from parents or grandparents · Fortune
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