Between saving for college, paying for every day expenses, and ensuring their kids have memorable family vacations to look back on, many parents are stretching themselves thin and potentially putting their own personal financial goals at risk to spend more on their children.
That's according to a Parents and Finances report released Thursday by Ameriprise Financial that surveyed more than 3,000 American parents with at least one child age newborn to 30 and average investable assets of more than $500,000. The survey finds that parents' number one source of financial stress is the desire to give their children the best life possible.
