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Updated over 14 years ago on .

User Stats

422
Posts
149
Votes
Rusty Thompson
  • Real Estate Investor
  • Salem, OR
149
Votes |
422
Posts

Economic Outpatient Care on the rise

Rusty Thompson
  • Real Estate Investor
  • Salem, OR
Posted

One of the most influential books I have ever read is "The Millionaire Next Door" If you have not read it then give it a go. It is great...

For those that have not read it, one term is Economic Outpatient Care (EOC). Its were parents supplement the incomes of there adult children. At the time of writing, the ratio was 1 in 7 adults receive some sort of economic subsidies (if Im remembering that ratio correctly.

Well it looks like according to recent studies its now right around 48%. That is shocking to me, as my family would never give me money (since they have none), nor would I expect them to.

Here is the article if anyone wants to read
http://money.msn.com/retirement-plan/article.aspx?post=f9a1e3f2-e033-4233-9703-3b9c237fcb0b>1=33042