Do you help your aging parents? Do your parents give you money, take care of your kids, or run errands for you?
Help runs both ways in American families, but it is often unequal and perceived differently, according to a new national poll on aging by the Pew Research Center.
About half (51%) of older Americans (65+) with children say they have given them money in the past 12 months. Their children see it differently. Only 25% say they received money from their parents.
Only 14% of older Americans with adult children say they received money from their children. Not quite right, say their kids—21% say they gave money to their older parents.
One-third of older parents with adult children report helping with childcare, and about the same percentage say they help their children with errands, housework, or fixing things around the house.
Who feels more dependent?
This varies from family to family, of course, but only 12% of older parents (65+) say they generally depend on their children more than their children depend on them. About the same percentage of older parents say their children depend more on them.
But almost three-quarters (71%) of older parents and their children agree that neither relies on the other—or they rely on each other equally.
What’s your experience?
If you are an “older parent,” do you give to or receive from your adult children?
If you are an “adult child,” how about you – do you give, get, or both?
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