If you have a child graduating from college now or in the near future, I think you will find this interesting.
This month, young adults across the nation are donning graduation robes and tweaking resumes, while parents ready their Canons and Kleenex. At the podium, guest speakers will motivate and inspire, but they will likely omit one tiny detail: Many of those grads will remain financially dependent on their parents for years.
According to a new survey, 59% of parents provide financial support to their adult children who are no longer in school. The online poll by ForbesWoman and the National Endowment for Financial Education (NEFE) of 1,074 U.S. adults—non-students aged 18 to 39 and their parents—was conducted by Harris Interactive in May.
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