Parents: They are anytime banks

The assumption or thinking that financial assistance to children end with their graduation or college, has increasingly become a matter of past. According to a survey, financial assistance to children from their parent has been on the rise since two decades.

Now sometime the span of receiving financial helps stretches into 30's. At present parents think that their kids, despite they are working, need some financial help to consolidate their feet economically. The recipient who are receiving family fellowship regularly, find themselves relieved economically as they become comfortable to pay off the bills.

No doubt people are living in a constant pressure of economic stress in the entire nation. According to a study by the Institute of Social Research at the University of Michigan, almost 34 per cent people between 18 and 34 get financial help from their parents annually.

However it reasons out that extended education, the longer search of career options and delayed are the real reasons for the stretched transition to self sufficiency.

Via NewYorkTimes