Tag: dependents
When the economy tips into a recession, as it is doing in reaction to the COVID-19 pandemic, the question of whether parents will give financial help to their adult children could conceivably go either way. Parents looking for some peace of mind might throw a financial lifeline to their struggling or unemployed offspring. Or parents…
“Families often serve as the first line of defense against adverse events,” a RAND study starts out. In this case, the researchers are talking about a mother who protects her unemployed adult child by providing financial assistance, a request that’s not easy for a mother to resist. RAND researchers Kathryn Edwards and Jeffrey Wenger find…