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Survey: 68% have made a financial sacrifice to help their adult children with money

As parents, we all want the best for our children, and sometimes that means helping them out financially when they need it. But just how common is it for parents to make financial sacrifices for their adult children? According to a recent survey, 68% of parents have made a financial sacrifice to help their adult children with money. This could mean anything from lending them money to pay off debt, helping with a down payment on a house, or even supporting them financially through a difficult time. While it's heartwarming to see parents step up and support their children, it's important to remember that financial sacrifices can have a significant impact on a parent's own financial well-being. Parents may be putting their own retirement savings at risk or taking on debt to help their children. So, what can parents do to help their children without putting their own finances in jeopardy? Here are some tips: Set clear boundaries: Before agreeing to help your child financially, ...