Monday, January 18, 2010

Keep milking them

Nice job, Millenials (I'm being sincere. Really). Continue to hit up your folks now, cuz you know they won't leave much for you when they run out the clock.
But helping their adult children is another matter entirely: While 66 per cent of boomer parents provided an average of $3,675 per year to their adult children, 25 per cent of these "paying parents" were bothered by having to keep their wallets open.

Much of the money goes toward their children's post-secondary education: 44 per cent of parents are paying some schooling expenses, and another 21 per cent expect to do so in the future.

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