More young adults are leaning on their parents for financial support, but that comes with risks that families should consider, a top advisor says.

Report shows that nearly one-third of American parents support their adult children financially.

Half of all parents with adult children provide regular financial support. The average support per adult child amounts to $1,474 per month. Some parents contribute more to their kids than to their own ...

Grandparents are also shelling out.

A majority of parents are financially helping their adult children, even as some worry that it could derail their own financial plans, according to the Ameriprise Financial “Parents & Finances” study.

About half of U.S. parents with adult children provide them with some sort of financial support, a new survey from Savings.com revealed. According to the survey, in 2024, 47% of parents with adult ...

Recent studies have shown that a growing number of parents are sacrificing their retirement savings to support their adult children. This alarming reality isn't simply a fleeting fad but a growing ...

Parent-child relationships become complicated as kids grow up, but sometimes, those kids end up taking advantage. And, ...

Caring for aging parents is a profound responsibility that can strengthen family bonds and challenge emotional and financial ...

Close parents recognize that their child’s partner comes first now. They don’t compete for attention or loyalty. Instead, ...

A majority of parents are financially helping their adult children, even as some worry that it could derail their own financial plans, according to the Ameriprise Financial Parents and Finances Study.