A new study finds that only a third of adults in the United States did not rely on their parents for some form of material support between their late teens and early 40s. The study highlights the extent to which parents and adult children rely on each other for financial assistance or a place to live well into the children’s adult years, challenging popular conventions and expectations about adulthood.
Parents helping with a down payment I don’t thing is culturally or even ses ‘common’. That is very specific to region and ses
You don’t think its common in the USA (which is where the study was focused and my response was intended)?
Governments and regulators have specifically had to change laws on home buying that enumerates money contributions from family to help the purchase of a home. If you’ve gone through a mortgage application process they crawl into your bank accounts looking for large deposits that don’t come from your employer. Anything suspicious and you have to explain what it is. If its a $30,000 down payment gift from mom and dad, you have to get a notarized letter from mom and dad stating its a gift and not a loan from parents.