Parents Spend $500 Billion on Adult Kids, But Can’t Afford to Retire

Parents Spend $500 Billion on Adult Kids, But Can’t Afford to Retire

October 3, 2018 | rightaboutmoney.com

In the throes of a severe retirement savings crisis, parents are spending twice as much on their kids’ rent, groceries, and cell phone bills as they are putting away for their own financial security. A Right About Money article says, that’s why parents and teachers need to make certain kids get a financial education.

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