Sons vs. daughters: Survey determines who actually costs more to raise
It can be pretty pricey to raise a child but a new report says that raising one sex may be better for your wallet.
It may be expensive in the teen years with all the clothes, makeup, hair and nails but a report in Money Magazine says raising girls may be cheaper in the long run for parents.
According to a new survey conducted by Harris Poll for Yodlee Interactive, daughters are less likely than sons to need financial help from mom and dad when they grow up.
The survey found after the age of 18, daughters are less likely to move back home.
Of those living with parents, 41 percent of adult men surveyed said they get financial help from mom and dad, as compared with 31 percent of adult women.
The contrast grows as adult children age.
Experts say 32 percent of men between the ages of 35 and 44 still spend nights in the bedroom they had as children, compared with 9 percent of adult women.
The study also found that daughters are more likely to provide care for aging parents.
However, it’s not all bad news for boys.
By 45-years-old, the differences in financial independence between men and women fade.