• Are You The Bank of Mom & Dad?

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    The Average Person Borrows $155 Per Month . . . Mostly from Their Mom:

    Wow, turns out EVERYONE’S a horrible mooch still hitting up their parents for money . . . not just me. That’s both reassuring and horrifying.

    –According to a new survey, the average person under 40 borrows about $155 every single month from their family, friends, and coworkers.

    –Mostly their moms, though. Everyone hits up their moms. The majority of people surveyed say their mother is the first place they go if they need a few bucks.

    –And our mothers are reinforcing our leeching . . . because they’re the most likely to lend money. The average mother gives her adult children money 1.72 times per year.

    –Women borrow one-third more money than men . . . people 18 to 24 borrow twice as much as people over 30 . . . and people living in the city borrow twice as much as people living in rural areas.

    –The survey didn’t get into how much of the $155 the average person pays back every month. And while that sounds high . . . think about how often one of your friends gets lunch or coffee and you promise to pay them back. (Tenterfield Star)

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