Coffee Club: Is it More Expensive to Raise a Son or Daughter?

Published 06/17 2014 09:11AM

Updated 06/17 2014 09:16AM

This is good news for all those who have daughters. Yes, it may be pricey in the teen years with all of the clothes, make-up, hair and nails. But a report in Money Magazine says raising girls may be a better financial deal in the long run.

There have been many stories in recent years about "boomerang" children -- those who move out for college and then move right back home.
A new survey says 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. And of those with living parents, 41% of adult men surveyed said they get financial help from mom and dad, as compared with 31% of adult women.

The study also found that daughters are more likely to provide care for aging parents. But it's not all bad news for boys-by age 45, the differences in financial independence between males and females do fade.

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