You can’t blame parents for wanting to help their adult children. But when they fork over cash for their kids’ daily living expenses, parents may jeopardize their children’s long-term financial success — and put their own retirement at risk. Fifty-six percent of parents with children age 18 or older said they’ve paid for their adult children’s groceries,... Check out more retirement advice from NerdWallet: How much should you save for retirement? Yes, you can save for retirement and college Get the lowdown on how to invest money Andrea Coombes is a writer at NerdWallet.
Comment on Parent Trap: Supporting an Adult Child Will Cost Both of You
Andrea Coombes, NerdWallet.com
Wed, 12/06/2017 - 8:00am
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