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Tracy Stewart, CPA
  • (979) 324-8179
  • (979) 324-8179
  • Location
  • Contact
  • Menu

Tracy Stewart, CPA

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  • (979) 324-8179
  • (979) 324-8179
  • Location
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Peace of mind through financial clarity.

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

July 17, 2017 by Tracy Leave a Comment

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.

For more advice on managing your money and life, don’t forget to subscribe to my YouTube channel to catch new episodes and Your Money Minute each and every weekeday!

Filed Under: your money minute

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