Number who helped parents financially almost as high as number who paid child support. Learn more in this America Counts story.
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America Counts: Stories Behind the Numbers
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U.S. Adults Provided $17.5 Billion in Support to Parents in 2020
Roughly 4.3 million U.S. adults provided voluntary financial support to parents in 2020 ? almost as many as the 4.4 million who made mandatory child support payments.
But the amount of money spent on parental support was significantly lower: $17.5 billion compared to $30.6 billion for child support, according to the U.S. Census Bureau?s 2021 Survey of Income and Program Participation (SIPP).
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Money given to parents fell by roughly $9 billion from 2019 to 2020, a year that included the first nine months of the COVID-19 pandemic.
Estimates from the 2014-2021 SIPP show that over this eight-year period, annual support provided to parents ranged from a low of $10.4 billion in 2014 to a high of $27.9 billion in 2018.
*Continue reading [ [link removed] ]*?to learn more about:
* Monetary support given to people living elsewhere
* Who provided parental support
* The Survey of Income and Program Participation
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