Reported 2 days ago
A recent report reveals that 50% of American parents with adult children are providing monthly financial support averaging $1,500, impacting their own retirement savings. While these parents strive to help their children amid rising living costs, they often allocate more to support than to their retirement plans, risking their financial future. Experts advise setting clear financial boundaries and discussing conditions for assistance to balance helping children and securing personal retirement.
Source: YAHOO