Chart of the Day: Percent That Give to Children
Plan Today. Protect Tomorrow. Attend an Educational Estate-Planning Seminar.
Production of the U.S. penny has officially ended. Learn what this means for you.
Today’s Chart of the Day is from Barrons with data from Ameriprise showing the percentage of Americans who fund or are preparing to fund certain financial events for their children.
Not surprisingly, nearly 80% polled say they are planning to assist their child when buying a vehicle and 70%+ will help pay for weddings.
Based on similar studies I've seen, these percentages appear to be higher than in the past. Still, whether it's you or someone you know, the practice of covering expenses for one's children remains fairly common.
Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.
