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Nearly half of New Jersey adults have loaned parents money for basics, with rising tensions and some relationships strained.
Nearly half of New Jersey adults have loaned money to their parents, reversing traditional roles, with an average loan of $900 for essentials like utilities and groceries, according to a MarketBeat survey of over 5,000 people.
While many feel pride in helping, some report tension or resentment, and about one in seven say relationships were damaged.
Parents are increasingly charging interest—averaging 5%—on loans, lower than the national rate, as rising living costs prompt shifts in family financial dynamics.
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Casi la mitad de los adultos de Nueva Jersey han prestado dinero a sus padres para las necesidades básicas, con crecientes tensiones y algunas relaciones tensas.