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How much would a parent give their child to help with debt? – WTOP

WASHINGTON Good news for kids in debt: the average parent would hand over $5,700 to help his child, without expecting to be paid back, according to a new CreditCards.com report.

The amount bounces up to nearly $8,000 if the parents will be reimbursed.

And 90 percent of parents said they would give their kids something in the range of $1,001 to $5,000 regardless of whether they were to get paid back.

Parents surveyed were particular about what types of debt theyd help out with, however, with 57 percent saying theyd never assist in dealing with gambling debt and only 5 percent having no objection.


Type of Debt Would Never Help Pay No Objection to Helping
Gambling 57% 5%
Credit Card 16% 13%
Auto Loan 8% 31%
Student Loan 6% 52%
Mor…

Read the full article at: https://wtop.com/parenting/2018/11/how-much-would-a-parent-give-their-child-to-help-with-debt/

Category: GamblingBy Insolvency GuardianNovember 29, 2018

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