Parents should support children through their college years, help with tuition and provide financial assistance during emergencies, according to 90 percent of respondents in a study from MetLife Mature Market Institute.

Multi-Generational Views on Family Financial Obligations: A MetLife Survey of Baby Boomers and Members of Generations X and Y reported that respondents think that parents should not bail their children out of debt when the debt is from overspending, and just 7 percent feel a strong responsibility that parents should contribute to a down payment on a house.

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