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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 say they depend on financial assistance from their own parents or grandparents, as the ongoing affordability crisis strains household budgets. Rising costs of housing, childcare and everyday essentials are pushing families across generations to pool resources, with many young parents unable to cover expenses on their own income alone.
Why now: The affordability crisis is squeezing young families' budgets, making multigenerational financial support a widespread and relatable topic
Evidence
- The affordability crisis made 37% of parents count on financial help from parents or grandparents · Fortune
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