Loading Video…

This browser does not support the Video element.

Should parents be helping out their adult children financially?

A recent study by the website 55Places.com says that nearly 40 percent of empty-nesters are still footing the bill for their adult children, from car insurance to mobile phone bills and more. Another study found that 15 percent of parents were willing to lower their own living standards to help their children out financially. But is it a good idea for parents to offer their adult children so much help with money? MORE: https://www.55places.com/blog/survey-reveals-empty-nesters-still-supporting-children-financially