More than a quarter of Oregon’s millennial generation get monthly cash infusions from family members. More than half take family money at some point in the year.
And it’s not just “buy yourself something pretty;” the money is needed for rent and other expenses in a state where housing costs rise faster than incomes.
Country Financial tracks the picture in Oregon and all states, and actually finds Oregon doing somewhat better than the national average, by some measures.
Richard Lucas manages one CF agency and visits with details.