How Much Money Should You Give For a Graduation Present?
Graduation season is upon us, which usually indicates that most young adults will be asking for a handout, wanting parents and grandparents to kick down a few bucks for all their hard work...while you secretly think to yourself, "Yeah, kid. good luck with finding a job in this economy."
So...exactly how much are elders dishing out for graduation in this day and age? An online service known as RetailMeNot.com asked parents the estimated amount to give as a present. Here's the outcome of the study...
High school graduation . . . $111.
College graduation . . . $243.
Graduate school graduation . . . $256.
Another interesting find in the research: Average undergraduates now end their school years with nearly $14,000 in debt.