Are daughters better than sons? (Financially speaking)

Posted 5 years, 7 months ago



Money, Family & Finance, By Kerri Anne Renzuli

If you are raising a girl, congrats.  A new study finds that in adulthood, girls are less likely to bleed parents dry - and more likely to provide free care.

Ever wonder when your kid will move out of the house and stop treating you like an ATM?

If you have a boy, you may have longer to wait than if you had a girl. After 18, daughters are less likely than sons to move home, or need a financial hand from mom and dad, according to a new survey conducted by Harris Poll for Yodlee Interactive, a digital financial services technology company. And not only are those grown-up daughters more financially independent, they are also more likely to provide care for their aging parents down the road.

In the survey, 41% of adult men with living parents report getting funds from mom and dad to cover expenses. Only 31% of adult women with living parents say the same. Unsurprisingly, aid is more common among young adults: Of those 18 to 34, three-quarters of men and 59% of women say they receive financial aid from their parents.

But that help lingers for many. Of 34- to 45-year-old men, 35% still get parental help, while only 18% of their female peers do.

Perhaps women have been conditioned to getting less financial support. A  study from the University of Michigan's Institute for Social Research found that boys are 15% more likely to get paid for doing chores, and a new survey from Junior Achievement USA and the Allstate Foundation found that 70% of boys get an allowance, compared to only 60% of girls.

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