Half of Parents Financially Helping Their Adult Children Are Putting Their Retirement At Risk

50 percent of American parents financially helping out their adult children are putting their retirements on the line, finds a Bankrate.com report.

Bankrate’s senior economic analyst says there are a multitude of reasons parents feel like they have to help their adult children financially, including the lack of substantial wage growth, the rising cost of education and the rising popularity of higher degrees. The analyst says there is no longer a sense of immediate need for young people to enter the workforce, even on a part-time basis.