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Budget and the Bees
Budget and the Bees
Latrice Perez

Boomers Are Quietly Bankrolling Their Adult Kids—and It’s Breaking Them

financial enabling
Image source: shutterstock.com

We often picture Baby Boomers enjoying cruises and golf. However, the reality is often much darker. A silent crisis is unfolding in retirement communities. Parents are, in fact, draining their savings to support adult children. This starts with good intentions. It ends in financial ruin. Furthermore, the safety net is breaking, and nobody wants to talk about it.

The “Just This Once” Trap

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