The Financial Struggles of Gen Z and Millennials Impacting Parents' Retirement Plans.

A recent survey from Bankrate of 2,346 U.S. adults found that nearly seven in 10 parents with children 18 or older have made at least one financial sacrifice to help out their kids, many times at the expense of their own savings, including emergency savings, paying down debt, and retirement savings. Millennials and Gen Z have both faced major economic events that have created financial challenges, leading to financial support from parents that goes on long after children officially hit adulthood. However, financial experts generally advise against providing financial aid at the expense of your own security.