Asked by William Johnson on Jun 29, 2024
Verified
Parents of all income levels in the United States tend to provide substantial help to their adult children.
Income Levels
Categorizations of individuals or groups based on their earnings from work, investments, or other sources.
- Recognize the financial support patterns from parents to adult children.
Verified Answer
ZK
Zybrea KnightJul 05, 2024
Final Answer :
True
Explanation :
Studies have shown that parents of all income levels in the United States provide assistance to their adult children, with high-income parents providing more financial assistance and low-income parents providing more in-kind assistance such as childcare and housing.
Learning Objectives
- Recognize the financial support patterns from parents to adult children.
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