Adulthood can be pricey. According to the U.S. Bureau of Labor Statistics, the average American spent $61,334 on housing, food, entertainment and other expenses in 2020. If you’re a parent, you might wonder what you can do to help your child thrive once they’re on their own in this expensive world — and one of…
The article What Is a Custodial Account? UGMAs, UTMAs and More originally appeared on NerdWallet.
