A report by the PewResearchCenter has revealed that 68% of US baby boomers, who have children, are helping them financially. The study found that 63% of Boomers had adult children, of these 35% were providing a secondary source of income to their children, and a massive 33% were their children's primary source of income.
The report points out that over the last 20 years the cost of both college fees and first homes has doubled, and over the last 10 years the number of students with Federal loans has doubled. I would add to this the problems caused by the increase in marriages and relationships that fail.
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