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kkny_gw

Suppporting Adult Children

kkny
16 years ago

There is an article in today's times

http://www.nytimes.com/2007/07/14/business/14money.html?_r=1&hp&oref=slogin

I dont know if you can access it after today --

But it talks about parents supporting adult children, the high cost of college, etc. Below is an excerpt from the article -

"The common practice of ending financial obligation after their children graduate from high school or college is gone. Parents are carrying their children longer, pouring in thousands of dollars a year  if not tens of thousands  to their college graduates.

Thirty-four percent of adults 18 to 34 receive financial assistance from their parents, according to a study by the Institute of Social Research at the University of Michigan and published in 'On the Frontier of Adulthood.' "

I am a mother, and I see the frustation of many stepmoms relating to financial issues, but I wanted to leave this.

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