Financial Support Trends - Financial advisors suggest supporting children into their 30s may not be a bad idea, as many parents already provide some form of assistance [1] - Approximately 60% of parents have provided financial support to their adult children in the past year [1] - Parents are contributing to various expenses, including vacations, credit card bills, down payments, and home renovations [1] Economic Factors and Planning - Rising rents, student debt, and a lack of entry-level jobs are driving the need for extended parental support [2] - Some parents are proactively saving thousands of dollars per month to support their children's future independent adult lives [3] - Supporting adult children may become a more common approach to launching them into adulthood [3]
When Should You Stop Financially Supporting Your Adult Children?
The Wall Street Journal·2025-08-25 19:23