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"Parents Are Giving Their Kids an Average of $39,000 to Buy a Home — and It Could Jeopardize Their Own Retirement," May 21, 2019
Parents Are Giving Their Kids an Average of $39,000 to Buy a Home — and It Could Jeopardize Their Own Retirement by Elizabeth O'Brien Parents are giving their adult children an average of $39,000 to help them buy a home, generosity that could jeopardize their own retirements, according to a recent report by financial services firm Legal & General. Family and friends supported the purchase of $317 billion worth of property across America in 2018, with one in five U.S.
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By MONEYParents Are Giving Their Kids an Average of $39,000 to Buy a Home — and It Could Jeopardize Their Own Retirement by Elizabeth O'Brien Parents are giving their adult children an average of $39,000 to help them buy a home, generosity that could jeopardize their own retirements, according to a recent report by financial services firm Legal & General. Family and friends supported the purchase of $317 billion worth of property across America in 2018, with one in five U.S.