More than 50% of American parents in their 40s, 50s worry their kids will need financial help — well into adulthood. Is their concern real or overblown?
Over half of Gen X parents fear supporting their adult kids long-term due to rising costs, debt, and wage stagnation.
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Yahoo Finance22d
More than 50% of American Gen X parents worry their kids will need financial help into adulthood. Is their concern real?
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.