It’s no surprise to read in today’s Times that New York City’s economy has been hit hard by recession-reduced subsidy checks from parents to 20-somethings.
Parents whose money helped fuel one of the city’s most radical gentrifications in recent years have stopped buying their children new luxury condos, subsidizing rents and providing cash to spend at [...]
Posts Tagged ‘trust-funders or “trustafarians”’
Budgeting in the City
Monday, June 15th, 2009 by Nick Kaye