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April 24, 2025 18 mins

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/

 

💼 Want expert help in planning for your financial future?

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📞 Call us: 913-393-4724

 

🌐 Visit our podcast website:  https://listentoscott.com/

 

📚🛠️ Check out Scott's book, Exceptional Retirement, and Retirement Toolkit

Download here 👉 https://keap.page/bu413/exceptional-retirement-youtube.html

 

🎥 Subscribe to our YouTube channel for more retirement insights!

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📰 Read our latest articles on Kiplinger:

https://www.kiplinger.com/author/scott-m-dougan-rfc-investment-adviser

 

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#retirement #retirementplanning

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