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According to the study, The Financial Journey of Modern Parenting: Joy, Complexity and Sacrifice, which was conducted by Merrill Lynch in partnership with Age Wave, parents today spend $500 billion annually on their adult children, ages 18-34, double the amount they contribute each year to their own retirement accounts.
Click ▶️ to hear Alfred Edmond, Jr.’s Money Matters report:
James C. Napier, politician, lawyer and owner of the first Black-owned bank in Tennessee, was born in Nashville on this day in 1845. Napier was born a slave, but he Read more
White House Correspondent Ebony Morris is a native Washingtonian and University of South Carolina alumna. Her passion is mentoring young adults by teaching community empowerment and media education. She is Read more
White House Correspondent Ebony Morris is a native Washingtonian and University of South Carolina alumna. Her passion is mentoring young adults by teaching community empowerment and media education. She is Read more
An excavation in Tulsa finds five coffins thought to be victims of the 1921 massacre, bringing the number of unidentified victims buried in a mass grave to 20. CBS News Read more
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