For decades, parents have been the go-to lenders for cash-strapped children. However, that trend is reversing, according to new research involving 5,014 Oregonians.

The survey, by MarketBeat , reveals that 43% of adult children in the state have loaned an average of $900 to their parents.

Most Loans Are Made to Help Parents Cope With Everyday Expenses

However, only 12% of the loans were for luxury items and vacations. The majority of the loans (48%) were made to help parents with day-to-day living expenses, and 34% were for emergencies.

While the majority of those interviewed (78%) said they were proud to be able to help their parents, 8% felt that it damaged their relationship, 6% said they felt resentment, and a further 8% vowed it would never happen again.

More Parents Are Chargi

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