And, as it turns out, kids and parents don’t agree on just when exactly that time should be. Baby Boomer and Gen X parents beg to differ, saying their kids should pony up starting at age 21. The Bankrate survey doesn’t specify how many respondents are living with their parents or, conversely, their adult children. Nearly 7 in 10 parents with children 18 or older said they have made a financial sacrifice to help their grown-up kids, according to the survey. Low-income parents — defined as those making $50,000 or less a year — were most likely to say they have made financial sacrifices to help their adult children.

Source: CNN April 10, 2023 16:20 UTC