Is it normal to worry about your parents' finances as a child?
Many adult children find themselves concerned about their parents' financial well-being, especially as parents age or face economic challenges. This concern often stems from a deep sense of care and a desire to see them comfortable and secure. It's a very common experience for children to feel responsible or anxious about their family's financial situation.
A 2023 study by Fidelity found that 36% of adult children provide some form of financial support to their parents.
See other perspectives
Real stories from the community
Frequently Asked Questions
What causes adult children to worry about their parents' money?▾
Adult children often worry about their parents' money due to observed struggles, declining health, or a general sense of responsibility for their family. Past financial instability in the family can also contribute to these feelings.
How can I help my parents with their finances without overstepping?▾
You can offer support by suggesting resources, helping them organize documents, or gently initiating conversations about future planning. Focus on offering practical assistance rather than taking over their decisions.
Is it common for parents to rely on their adult children financially?▾
Yes, it is increasingly common for parents to rely on their adult children for some level of financial support, whether directly or indirectly. Economic shifts and rising costs of living often contribute to this dynamic.
Have your own experience to share?
Share Your Story