|By Business Wire||
|June 13, 2014 02:28 PM EDT||
Today’s news bolsters the growing evidence that women are increasingly more financially independent, finding that they’re 32 percent less likely than men to need their parents’ financial support. The survey was conducted by Harris Poll in May 2014 among 2,046 U.S. adults ages 18 and older and commissioned by Yodlee Interactive, whose APIs power financial innovation outside of banks. With Father’s Day approaching, this report highlights another reason dads can be thankful they have a daughter.
Summary of key statistics:
- Only 31 percent of women with living parents/in-laws receive financial support from them, compared to 41 percent of men
- Women (25 percent) are less likely than men (32 percent) to live with their parents/in-laws, based on all U.S. adults with living parents/in-laws
- Almost twice as many men (20 percent) say they do not plan to support their parents emotionally (e.g., calling them, visiting them) as do women (12 percent), based on all applicable responses
The joys of having a son get better with age. Here are some deeper dive results on how middle-aged sons (ages 35-44), who have living parents/in-laws, in particular stack up to their female counterparts of the same age range:
- They are more than twice as likely as females ages 35-44 to receive financial support from their parents, based on all U.S. adults with living parents/in-laws
- They are more than three times as likely as their female counterparts to live at home with their parents
- They are also almost twice as likely to cite being unemployed or underemployed as the reason they live with their parents, while women ages 35-44 are more than twice as likely to cite because they’re taking care of their parents
“Many people think that once you become an adult, you become financially self-sufficient,” said Joe Polverari, General Manager of Yodlee Interactive. “This survey shows that this isn’t always the case, as dependence on parents’ financial help varies greatly among American adults. These results stress the need for more communication and education around financial independence, because ultimately if this learning doesn’t start at home, it may result in a child never leaving home.”
Daughters Are More Financially Self-Sufficient
Daughters are more financially stable than sons. Only a quarter (25 percent) of the women surveyed live with their parents/in-laws, compared to almost a third (32 percent) of adult males.
Surprisingly, this differentiation is magnified for adults between the ages of 35-44. Within this range, women are half as likely to need any sort of financial support from their parents/in-laws, and even less likely to need them to house them as compared to men. And even further distinguishing these gender groupings, those daughters living with their parents are more likely doing so to take care of them, whereas sons need the financial support because they’re unemployed or underemployed.
Daughters Will Provide More Emotional Support
It doesn’t stop there. Fathers and mothers can take comfort knowing that their daughters are more likely to provide them with emotional support as they get older. The survey found that, out of applicable respondent, sons are almost twice (20 percent) as likely as daughters (12 percent) to say they don’t plan on providing their parents/in-laws emotional support in the form of calling or visiting them.
Other findings explained:
Financial Dependence Geographically
Adults (ages 18 or older) living in the South are more likely to be living at home with their parents than any other region. Over a third (34 percent) of all adults living in the South with living parents/in-laws still live with them, compared to 30 percent on the West Coast, 24 percent in the Northeast, and 23 percent in the Midwest.
In-Laws Are Out of Luck
Regardless of gender, in-laws should not expect to be treated equally as birth parents in terms of any type of support. The survey found adults are half as likely to support their parents-in-law, both financially and emotionally, as they are to support their own parents.
Americans’ attitudes, among respondents with parents/in-laws, around supporting parents versus in-laws are shown below:
- 77 percent of adults said they would provide their parents with emotional support as they age, while only 36 percent said the same of in-laws
- 45 percent of adults said they would support their parents as they age by subsidizing their medical bills, while only 17 percent said the same of in-laws
- 53 percent of adults said they would support their parents as they age by subsidizing their living costs, while only 22 percent said the same of in-laws
- 50 percent of adults said they would support their parents as they age by having them move closer, while only 21 percent said the same of in-laws
- 46 percent of adults said they would support their parents as they age by having them move in, while only 19 percent said the same of in-laws
- 48 percent of adults said they would support their parents as they age by moving closer to them, while only 17 percent said the same of in-laws
- 45 percent of adults said they would support their parents as they age by paying for them to live at a medical/nursing home or having a live-in nurse, while only 19 percent said the same of in-laws
This survey was conducted online within the United States by Harris Poll on behalf of Yodlee from May 8-12, 2014 among 2,046 adults ages 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact [email protected].
About Harris Interactive
Harris Interactive is one of the world's leading market research firms, leveraging research, technology, and business acumen to transform relevant insight into actionable foresight. Known widely for the Harris Poll® and for pioneering innovative research methodologies, Harris offers proprietary solutions in the areas of market and customer insight, corporate brand and reputation strategy, and marketing, advertising, public relations and communications research. Harris possesses expertise in a wide range of industries including health care, technology, public affairs, energy, telecommunications, financial services, insurance, media, retail, restaurant, and consumer package goods. Additionally, Harris has a portfolio of multi-client offerings that complement our custom solutions while maximizing our client's research investment. Serving clients in more than 196 countries and territories through our North American and European offices, Harris specializes in delivering research solutions that help us -- and our clients -- stay ahead of what's next. For more information, please visit http://www.harrisinteractive.com.
About Yodlee Interactive
Yodlee is a leading technology and applications platform powering dynamic, cloud-based innovation for digital financial services. Yodlee Interactive makes the Yodlee Platform available to digital services companies and developers via open and secure data APIs, to build next-generation financial apps and services. Today more than 300 companies, large and small, are powered by Yodlee Interactive APIs, accelerating FinDat innovation globally.
Yodlee and Yodlee Interactive are headquartered in Redwood City, California. For more information, visit interactive.yodlee.com.
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
Apr. 28, 2017 10:00 PM EDT Reads: 1,235
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Apr. 28, 2017 09:45 PM EDT Reads: 2,149
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
Apr. 28, 2017 09:15 PM EDT Reads: 2,606
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
Apr. 28, 2017 08:45 PM EDT Reads: 2,401
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
Apr. 28, 2017 08:15 PM EDT Reads: 2,382
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Apr. 28, 2017 07:45 PM EDT Reads: 897
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...
Apr. 28, 2017 07:45 PM EDT Reads: 2,931
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Apr. 28, 2017 07:30 PM EDT Reads: 1,499
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
Apr. 28, 2017 07:15 PM EDT Reads: 2,316
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Apr. 28, 2017 07:00 PM EDT Reads: 1,164
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
Apr. 28, 2017 06:45 PM EDT Reads: 1,028
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Apr. 28, 2017 06:15 PM EDT Reads: 997
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Apr. 28, 2017 05:45 PM EDT Reads: 858
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing be...
Apr. 28, 2017 05:15 PM EDT Reads: 833
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
Apr. 28, 2017 05:00 PM EDT Reads: 299