Susann Rohwedder in a report from Rand, Helping Each Other in Times of Need, documents who is giving and who is receiving aid in the current financial crisis. As probably expected, the principal givers are parents helping out adult child households.
Key findings:
• The economic crisis in the United States has affected a large majority of American
households.
• Many more households are giving financial help than receiving it.
• Help most frequently flows from parents to children.
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