Core Insights - Financial support from parents to adult children is increasingly common, with half of parents providing assistance, marking a three-year high [1] Group 1: Financial Support Trends - Parents of adult children aged 18-28 provide an average of $1,813 monthly, while those with children aged 29-44 provide $863 monthly [2] - Rising housing prices, higher grocery bills, and student loan debt are contributing to the need for parental financial support, even for young adults with full-time jobs [3] Group 2: Risks of Ongoing Support - Financial advisors caution that continuous support can jeopardize retirement security for parents, as it may lead to depleting savings or delaying retirement [4][6] - Open-ended financial assistance can hinder a child's financial independence, as it may prevent them from making necessary budget decisions [7]
50% of US parents financially support their adult kids, with average payments of $1,474/month. What they're doing wrong
Yahoo Finance·2026-02-21 12:30