The $18,250 surprise on millennials helping their parents with money

Did you know: On average, millennials are providing around $18,250 in financial support through gifts to their aging parents. About 75% of these gifts are for normal, everyday life needs, such as housing and food.

With millennials managing debts like student loans, mortgage and credit cards, how do you support your parents — while keeping yourself financially afloat? In this episode of Your Money Minute, I discuss the stat and how you can understand the best way to support the financial needs of your aging parents.

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