Living
Parents Are Risking Their Retirements to Support Adult Children
With younger generations facing higher housing costs and a tricky job market, many are living at home and getting financial assistance from their families.
This article is for subscribers only.
One day your child will grow up and leave you. Or will they?
With younger generations facing tough economic circumstances, many parents are supporting their children long past the college years. Nearly half of young adults in the US live at home, and millions more are receiving help with rent, bills and everyday costs. For parents, it's a major expense, sometimes requiring greater debt loads, depleted savings and delayed retirement plans.