When you’re broke, your parents should help you get rich
You may be living paycheck to paycheck, but your parents shouldn’t be the ones picking up the tab.
That’s according to a new study from the Economic Policy Institute, which examined the costs and benefits of supporting a family when you’re financially broke.
The institute analyzed data from the U.S. Census Bureau, National Survey of Families and Households, and Census Bureau Household Income Estimates.
It found that when you live paycheck to paycheck, your parent(s) should be the primary financial provider, with no other help being considered.
The study found that a parent who is unemployed and living paycheck-to-paycheck will be spending about $9,500 per year.
This figure rises to nearly $20,000 for a parent with two children, and rises to more than $32,000 when the parents have four children.
These numbers aren’t terribly different from the federal poverty line for a family of four, which is about $17,200.
In addition, the report finds that when the parent(,s) are unemployed, their monthly income drops by about $2,300 to about $6,300.
These are important numbers because parents who are living paycheck–to–paycheck are also at a disadvantage when it comes to the overall cost of a family.
When you add the cost of childcare, transportation, child care, and housing into the mix, these costs rise to more like $10,000 a year for a child.
Even with all of these costs, parents who live paycheck– to–paychea can save more than they would if they were living on their own.
The report found that families with three children save more money than those with two.
That means the childless have an annual saving of $1,000.
Parents with one child save less than those who have two, but it’s still an incredible sum of money.
However, when you consider that they’ll likely still have to pay for childcare, a home, and medical care in the years to come, they’re actually getting paid more than their less financially literate counterparts.
The cost of living in poverty in the U