A new poll finds white adults are more than twice as likely as others to get sizable financial help from parents or grandparents. By contrast, Black adults are more likely to give money to elders. Image: Tracy J. Lee for NPR
Angela Chevaux and her husband have made a good living in York, Pa. She’s an insurance claims supervisor and he’s in construction. But still, a recent inheritance from her father-in-law has been life-changing. He left them a retirement account, a life insurance policy, an annuity — and her husband and his brother inherited an old farmhouse in a secluded spot with a pond.
“We were able to buy the property — the other half — out from his brother at a decent price,” Chevaux says.
She figures they paid about half what the appraised value would have been.
