elderly man and adult son go over some financial documents while sitting at a table
Parents are sacrificing their savings on their adult kids, study finds.
  • Baby boomers and Gen Z kids are divided on what age adults should start paying their own bills.
  • 68% of US parents are sacrificing savings to financially support their adult kids, Bankrate found.
  • Financial support can delay parents from retiring, repaying their debts, and reaching their goals

Baby boomers and Gen Z are at odds when it comes to the age of financial independence, a recent study found.