50 % of America’s fathers for adult children support them financially – at $ 1500 a month

The living cost crisis prompted many American young people to rely on the bank of my mother and my father to meet their needs.

According to a recent report before Savings.comNearly 50 % of Americans who have children over 18 years of age offer regular financial support.

On average, these young adults have received $ 1,474 in monthly support, as Gen ZANICAN is expected to get $ 1,813 per month, and the average millennium is expected to get $ 863 per month in 2025.

However, parents also face the same challenges they face in living as their children. Here is how you can put their efforts to support their adult children with their financial future and retirement.

Savings.com also found that working parents who financially support their adult children spend more than twice this support as they do Monthly retirement contributions. On average, these parents put only $ 673 for a nest egg, according to the report.

The elderly around the country already face the retirement crisis. Nearly 20 % of adults over the age of 50 do not have retirement savings at all Aarp. Meanwhile, 61 % of them are concerned about the depletion of money after leaving the workforce.

80 % of the elderly throughout America is either financially struggling or being at the risk of economic insecurity in retirement, according to a survey in 2024 it conducted. National Council for Agency.

Many parents risk become part of this group of retirees who struggle by contributing to the lifestyle of their children more than their savings and investment accounts. Here’s how you can avoid the same trap.

Read more: Larry Fink, CEO of Blackrock, has an important message for the following wave of American retirees – here How do you say that you can better stole the retirement crisis in the United States

Although you may feel obligated to help your children, you also adhere to yourself in the future. The balance between your pension planning needs and those of your children are difficult, but it is necessary.

It is a good idea to have an open conversation with your adult children and to set clear limits and borders on your financial assistance. For example, you can set a difficult limit to how much you offer them to keep these monthly payments less than your investment contributions.