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Former President Donald Trump and his business, the Trump Organization, have been ordered by a New York judge to pay over $350 million in penalties for misrepresenting Trump's wealth for financial gain. The judge also barred Trump from serving in a top role of any New York company for three years and barred his sons from holding positions as officers or directors of a New York company for two years. The case stemmed from a state probe into low-interest financing deals Trump made with lenders before his political career. Trump has denounced the case as a partisan abuse of the justice system and plans to appeal the decision. [Extracted from the article]

A recent study by the Pew Research Center found that nearly 60% of parents provide financial assistance to their adult children. This support is continuing later in life due to younger people taking longer to reach adult milestones and facing higher expenses. The study also revealed that more young adults are living with their parents, with 57% of adults under 25 living at home. While this financial help can be beneficial, it may also hinder social mobility for young people from lower-income families. [Extracted from the article]