In this video, based on an article written by Kimberly Foss for Rethinking65, many American parents experience stress due to providing financial support to their adult children, according to recent surveys. Parents are advised by financial consultants to find a balance between providing support and encouraging independence, with a focus on prioritizing their own financial security.
How Much Help Should Parents Give Adult Children?
A recent survey by Savings.com found that nearly half of U.S. parents with a child over 18 are providing some or all of the child’s financial support.
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