New York Times: NPC research shows majority of parents still providing financial boost to young-adult children

September 21, 2012
In its article, "From Parents, a Living Inheritance," The New York Times cited a research finding by Patrick Wightman that 62 percent of young adults age 23 to 25 receive some type of financial help from their parents.

Wightman, a postdoctoral fellow with the National Poverty Center, was lead author of the working paper, "Familial Financial Assistance to Young Adults," which was published in May 2012.

The study also found 82 percent of high income-earning parents provided some assistance, while 47 percent of lower-income parents did as well. Both groups transferred about the same share of their overall income to their children, about 10 percent.