October 20, 2018

The Bank of Mom and Dad

It’s not unusual for parents to provide a monetary helping hand to their kids. But a recent study shows that today’s parents are giving their adult children a staggering amount of financial support. Then, as the seasons change, so does the rate of gun violence. A crime analyst compares the shootings during hot and cold weather.

Episode Segments:

Parents Financially Assisting Adult Kids Ken Dychtwald, Ph.D., gerontologist, psychologist, CEO of Age Wave, a company that conducts research on issues relating to aging populations discussed his recent survey that uncovered the staggering amount of financial support that parents are providing to their adult children. He found that 79% of parents are providing money to their children between age 18 and 34, and the average was $7,000 a year. He said that figure is twice the amount that parents are putting into their own retirement accounts. He explained the possible reasons behind this trend.
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Weather and Shootings Crime analyst Jeff Asher discussed his research into the connection between weather and gun violence. He found that twice as many people are shot in northern cities on hot days compared to cold ones. He also talked about the potential long term effects of climate change on crime rates.
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Hurricane Michael Response Gail J. McGovern, President & CEO of the American Red Cross discussed the Red Cross’ response to the catastrophic damage left by hurricane Michael. She outlined the greatest challenges faced by relief workers on the ground. She said the Red Cross’ greatest needs are blood donations, volunteers and financial donations.
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Guest(s) Appearing on this Episode

Ken Dychtwald Ken Dychtwald, Ph.D. is a gerontologist, psychologist, educator, lecturer, consultant, entrepreneur, and expert on aging-related issues; has appeared in numerous films and TV interviews; and is the author of sixteen books.