Helping Each Other in Times of Need
Financial Help as a Means of Coping with the Economic Crisis
Expert InsightsPublished May 22, 2009
One way that U.S. households are coping with the global economic downturn is by reaching out to each other via financial help. This paper reports survey results from late 2008 and early 2009 that detail patterns of giving and receiving financial help among households in response to the economic crisis, and how these patterns vary by age and income. Among the key findings are that many more households are giving financial help than receiving it and that help most frequently flows from parents to children.
Topics
Document Details
- Copyright: RAND Corporation
- Availability: Web-Only
- Year: 2009
- Pages: 7
- DOI: https://doi.org/10.7249/OP269
- Document Number: OP-269-NIA
Citation
RAND Style Manual
Rohwedder, Susann, Helping Each Other in Times of Need: Financial Help as a Means of Coping with the Economic Crisis, RAND Corporation, OP-269-NIA, 2009. As of October 1, 2026: https://www.rand.org/pubs/occasional_papers/OP269.html
Chicago Manual of Style
Rohwedder, Susann, Helping Each Other in Times of Need: Financial Help as a Means of Coping with the Economic Crisis. Santa Monica, CA: RAND Corporation, 2009. https://www.rand.org/pubs/occasional_papers/OP269.html.
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