These Families Are Shutting Down the Bank of Mom and Dad

Parents Supporting Adult Children for Longer #

Parents are finding themselves supporting their adult children for longer periods, which has led to difficult discussions about when to cut the financial cord. This trend is contrasting previous generations, where parents had fewer financial obligations to their adult children. The prolonged financial support has sparked conversations about financial independence and the long-term implications for both parents and children. These conversations are challenging as parents navigate the fine line between helping their children and enabling dependence.