Over half of Gen X parents fear supporting their adult kids long-term due to rising costs, debt, and wage stagnation.
they may start to need help managing their finances. And the coronavirus pandemic may have you thinking more about your aging parents and their financial futures. It can be uncomfortable to broach ...
Increasingly, parents are continuing to financially assist their children well into adulthood. But while giving your kids monetary help can provide a lifeline in the short term, it might actually ...
There are a surplus of ways parents can encourage financial ... These teachings, he explained, help kids confidently navigate the digital financial realm and create financial protection behaviors.
A 2024 study by Savings.com found 47% of parents reported ongoing financial help to their adult children, with many of them saying they were sacrificing their own financial security in doing so.