A recent Well Fargo study found that nearly two-thirds of parents with kids aged 18-28 rely on financial support from their parents. Additionally, a National Association of Realtors study published last year found that around a quarter of first-time homebuyers said gifts or loans from family or friends were the top reason they were able to afford a down payment.

Financial Assistance from Family

To better understand the impact of family support, many are looking to speak with people whose ability to buy a home, pay for education, start a business, weather a job loss or build wealth was influenced by money or assets received from relatives. This includes those who have inherited a large sum, received help with a down payment, expect to receive an inheritance in the future, or have struggled without family wealth to lean on.

Original reporting: KRDO (Colorado Springs metro) — read the source article.