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The Generational Divide on Financial Independence: Parents and Kids at Odds.

1 min read
Source: Bloomberg
The Generational Divide on Financial Independence: Parents and Kids at Odds.
Photo: Bloomberg
TL;DR

A new Bankrate report reveals that almost 70% of parents with children aged 18 or older have sacrificed their own finances, including draining their retirement funds, to financially support their adult children. This includes paying down debt and saving for emergencies.

Topics:businesspersonal-finance#adult-children#bankrate-report#financial-support#parents#personal-finance#retirement-funds
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  1. What Age Should You Be Financially Independent? Parents Provide Support Into 20s  Bloomberg
  2. How long should you support your adult children? Parents — and their kids — weigh in  CNN
  3. Parents and kids disagree on the right age to become financially independent, report finds  CNBC
  4. Adult children ‘may not want the gravy train to stop’--they may ruin your retirement  MarketWatch
  5. Boomers, Gen Z disagree about age of financial independence  Business Insider

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