Categories Of Money Research Articles

Interfamily Transfers to Beginning and Elderly Families

Interfamily grants contribute to the economic well‐being of families. This research focuses on the transfer of resources to beginning and elderly families. The data used in this study were collected through personal interviews with 75 beginning and 75 elderly families in Bernalillo County, New Mexico. The purpose of this study was to compare the annual economic contribution of interfamily grants received by beginning and elderly families. There was no difference in dollar value between the two groups in the categories of money, goods, and services. However, there was a significant difference (p < 0.01) in the total dollar value of grants received. The average annual dollar value of interfamily grants received by the beginning families was $2,665 while the elderly families received an average of $944.