Parents Drain Retirement Funds to Support Adult Children

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Gone are the days when parents became empty nesters after high school graduation.

Today, more than half of parents support their adult children financially with many living at home. A new survey from Retirement Investments finds two in five parents still have an adult child living in their home, and close to 90% don’t see that changing any time soon.

“Do you think the mindset is kind of changing too, given the financial circumstances — what it costs to buy a home, how high interest rates are, how expensive groceries are? I mean, are we as a society sort of shifting our mindset about what should happen in adulthood?” WJAR asked.


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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!