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10/7/2009

Denverpost.comDespite a faltering economy and unemployment numbers that continue to creep higher, parents are still likely to help children who fall into a financial quagmire, a new study finds.

But moms and dads draw the line at the type of debt they're willing to cover for their kids, the study for CreditCards.com reveals, and not all the help is free or without a finger-wagging.

More than one in every five fathers said they would provide more than $20,000 in financial assistance to their children if the debt were to pay off a credit card or some other life expense such as a mortgage or utility bill, the poll of more than 1,000 adults found.

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