Ep. 149 - 47% of Parents Still Paying Adult Children’s Bills?

Are parents jeopardizing their future to keep their adult children afloat? In this eye-opening episode, Quinton uncovers the startling results of a three-year study conducted by Savings.com. The survey, which included 1,000 parents with a median age of 57 and a median household income of $50,000 to $75,000, reveals the staggering financial sacrifices parents are making to support their adult children. As the study sheds light on the multigenerational economic challenges faced by families in today's economy, Quinton dives into the long-term implications of these decisions and what it means for the future of retirement in America.

[00:00 - 01:19] - Introduction and overview of the Savings.com survey

[01:20 - 03:27] - Breakdown of financial support provided by parents to adult children

[03:28 - 05:42] - Impact on parents' retirement savings and the economy

[05:43 - 08:25] - Areas where parents are providing financial assistance

[08:26 - 10:30] - Layoffs and their effect on parental support

[10:31 - 12:09] - Parents sacrificing their own financial security

[12:10 - 15:50] - Takeaways from the survey

Savings.com Article:

https://bit.ly/parentsupportsurvey

Key Quote:
"There's no limit to what we won't do for our kids, right?" - Quinton Harris

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