More than 50% of American Gen X parents worry their kids will need financial help into adulthood. Is their concern real?
Is the American Dream slipping away, replaced by a lifetime subscription to the Bank of Mom and Dad?
More than 50% of parents in their 40s and 50s now worry they’ll be bailing out their grown children’s finances well past college years, a recent survey finds, highlighting how crushing student debt, sky-high rents and an iffy job market are forcing younger adults to lean harder on their parents than ever before.
But is this anxiety justified, or are parents bracing for a storm that might never hit?
On one hand, many parents see a generation struggling to get ahead in an economy that seems stacked against them. On the other, some experts say today’s kids might not be as financially dependent as their parents fear. The uncertainty alone is enough to…
