Why do I worry so much about my parents' finances?

It's common for children, even adults, to feel concern for their parents' financial well-being. This often stems from a deep sense of love and responsibility, especially if you've observed financial struggles in the past or feel a desire to protect them. Sometimes, this worry can also come from a feeling of being responsible for their happiness and security.

A 2019 study by Merrill Lynch and Age Wave found that 73% of adult children provide some form of financial support or assistance to their aging parents.

See other perspectives

Real stories from the community

Frequently Asked Questions

Is it normal to feel responsible for my parents' money problems?
Many people feel a strong sense of responsibility for their parents, particularly regarding financial stability. This can be especially true if you grew up in a household where you were aware of financial difficulties or felt the need to contribute early on.
How can I stop worrying about my parents' financial future?
Focusing on what you can control, like managing your own finances and offering practical, non-financial support, can help. Open communication with your parents, if appropriate, about their plans can also ease some anxieties, but remember their choices are ultimately theirs.
What if my parents expect me to support them financially?
If your parents have explicit or implicit expectations for financial support, it's important to consider your own capacity and comfort. Clearly communicating your own financial situation and limits, with kindness, can help manage these expectations.

Have your own experience to share?

Share Your Story