[To comment: larry@larrylitwin.com]

Reasons people age 50 and older give adult children money — according to Robert Powell, USA Today

  • Don’t know. Just give money = 36%
  • Rent/mortgage/home purchase = 20%
  • Cellphone bill = 18%
  • Purchase or lease a car = 17%
  • Education expenses = 15%
  • Health care expenses = 15%
  • Pay down debt = 13%
  • Insurance = 11%
  • Student loans = 11%
  • Credit card bills = 10%
  • Legal matter = 9%

Credit score analysis from Experian and Jae Yano and Janet Loehrke, USA Today

  • Payment history = 35%
  • Amount owed = 30%
  • Length of credit history = 15%
  • Credit mix = 10%                         
  • New credit = 10%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               [To comment: larry@larrylitwin.com]

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