42% of parents have paid a child's debt

Courtesy Digg - Business & Finance  Sat, 12/12/2009 - 04:40

A new poll by CreditCards.com found that 42% of people with adult children have paid a debt for their children at some point.

The debts most commonly paid off were auto loans (40%) and medical debt (37%). But the survey also found that parents had paid utility debt (31%), credit cards (30%), student loans (29%) and mortgages (11%)


 

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