Half of parents are still paying their grown kids' bills (almost $1,500/month, on average), and it’s putting their own retirement at risk. The ‘Bank of Mom and Dad’ is open for business… but for how much longer? In this episode, Scott breaks down the rising trend of parents financially supporting Gen Z and millennial children, even into their 30s and 40s, and the often-overlooked danger it poses to long-term financial security.
Here’s what we cover in this episode:
💸 The emotional toll of helping too much
📉 Why some parents are delaying retirement
🚨 Red flags that it’s gone too far
📊 What to do when support turns into dependency
Check out the Fortune article: https://fortune.com/2025/03/26/millennial-gen-z-adult-children-parents-monthly-payments-retirement/
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📚🛠️ Check out Scott's book, Exceptional Retirement, and Retirement Toolkit
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