PPM Version:
According to a new survey, the average person under 40 borrows about $155 every month from their family, friends, and coworkers. Mostly their moms, though. The majority say their mother is the first place they go when they need a few bucks . . . and moms are the most likely to lend it.
Full Story:
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.