The statistic above represents the most common reasons why people aged 50 and older in the United States stopped to financially support their family members as of 2013. 57 percent of the respondents stated they felt their family members were not using money wisely, while 11 percent stated they worried their family members would not be able to pay the money back.
Reasons why people aged 50 and older stopped financial support to family members in the United States in 2013
Characteristic
Share of respondents
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Merrill Lynch. (November 18, 2013). Reasons why people aged 50 and older stopped financial support to family members in the United States in 2013 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/325196/reasons-for-stopping-financial-support-to-family-members-in-the-us/
Merrill Lynch. "Reasons why people aged 50 and older stopped financial support to family members in the United States in 2013." Chart. November 18, 2013. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/325196/reasons-for-stopping-financial-support-to-family-members-in-the-us/
Merrill Lynch. (2013). Reasons why people aged 50 and older stopped financial support to family members in the United States in 2013. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/325196/reasons-for-stopping-financial-support-to-family-members-in-the-us/
Merrill Lynch. "Reasons Why People Aged 50 and Older Stopped Financial Support to Family Members in The United States in 2013." Statista, Statista Inc., 18 Nov 2013, https://www.statista.com/statistics/325196/reasons-for-stopping-financial-support-to-family-members-in-the-us/
Merrill Lynch, Reasons why people aged 50 and older stopped financial support to family members in the United States in 2013 Statista, https://www.statista.com/statistics/325196/reasons-for-stopping-financial-support-to-family-members-in-the-us/ (last visited August 24, 2024)
Reasons why people aged 50 and older stopped financial support to family members in the United States in 2013 [Graph], Merrill Lynch, November 18, 2013. [Online]. Available: https://www.statista.com/statistics/325196/reasons-for-stopping-financial-support-to-family-members-in-the-us/