Financial Attitudes and Inter vivos Resource Transfers from Older Parents to Adult Children

This exploratory study combines economic, family, and decision-making conceptual models to investigate the factors influencing resource transfers as reported by older adults. Pilot data on 61 adult children was obtained during face-to-face interviews with 18 older parents. Hierarchical multiple regressions were conducted to predict time (emotional support) and financial (cash and gifts) inter vivos transfers from demands, resources, values, and relationships. Positive health ratings, strong affection for the adult child, and money retention attitudes were associated with frequent emotional support. Small household size predicted frequent financial transfers. Results indicate the importance of values, resources, demands, and relationships in predicting resource transfers from older parent to adult child.