Economic tension between the younger and major Americans – Millennium generation and General Zires In the twenties and thirties and forties against Children’s children And the elderly General Xers In the sixties, seventies and eighties of the age-it became Romanian in size.
from The younger adult perspectiveMany of their financial lives can be defined by what they lack Compared to their parents: They cannot buy a house, and they feel their wages StagnantThey do not feel “comfortable“With the amount of money provided, they are concerned about blurring artificial intelligence quality Next, all furniture cheap And oh, well, they will live through the most severe effects of the climate crisis, which is explicitly caused by capitalist oil in the 1980s.
For Boomers, traditional wisdom says they are asking from the millennial generation, and they believe they are lazy or dueAnd that is, perhaps they can buy a house if they stop worrying a lot Avocado toast. We imagine that the ordinary Pomer K. richThe province, white suburbs outside the touch is not largely sympathetic to the problems of millennial money and General Z.
But the new data challenges this assumption, and draws a more sympathetic picture of parents and parents, General Xer, that it is largely sympathetic to the financial ordeal of their children, sometimes ready, with pleasure, to continue to help their children cover the financial difficulties and goals. At the same time, they are concerned about relying on the long term for their children may endanger their retirement, or even their ability to retire. Savings.com-an online voucher company, yes, I don’t know a classic prominent name Jones Hopkins UniversityAnd I ask you to challenge these explicit assumptions for women about what companies with names unable to – survey 1,000 American parents of adult children, specifically on how their contributions to their savings compared to their financial talents for their children.
In many of the unknown surveys that were shared exclusively with the salon, the parents were not their offspring as anything close to the lazy or right. Instead, of all ages and income, parents showed “greater sympathy” for their adult children, such as Beth Clong PayapalDirector of Analysis at Savings.com, described in an interview.
Klongpayabal said: “I mean, the respondents in our poll, they were not rich – they were not all sitting on their yoke, they respond.” “Many of what we see is that these people who do not want their children are struggling with the way they did.”
If one thing is clarified, this is a good reason because these generations share a unique relationship. The poll found that parents who provide financial support gave an average of $ 1474 a month, or $ 17,688 a year. In addition, I found that working parents tend to contribute twice to the resources of their children as they do their retirement, and that half of the parents surveyed feel “obligated” with the help of their offspring with money. More than 80 % of parents help pay the price of their adult children’s survival stores; Nearly half of the parents pay for their children’s holidays.
It was granted, that No. 1,474 dollars may be a little amplified; Most parents do not give adult offspring enough money to disrupt a new MacBook device every month. For adult children living at home, for example, the cost of what could have been their rent or mortgage contribution was included. However, the number crystallizes something that we all felt for a while – the births give more money to the Millennium or Gen Z from the past generations.
“Parents have never extended support for this scale and hesitation before,” Dr. Michael KaneA psychiatrist specializing in family medicine, he told the salon to respond to the e -mail of the survey.
Although unprecedented levels of support are provided, though most of the newborns were not upset with their children. Instead, they rejected the mentality of the “childhood kick from the nest”, as Klung Bayabal said, that they felt that they had had been largely injured by their silent fathers. “I had to struggle … and I did not want my children to have to live in this way I did.” I did not work hard until my children could struggle. I worked hard to have a better life. “
“Many parents say,” I had the struggle … and I do not want my children to live through this way I did. “
Not all responses were pink. A 61 -year -old father is pushing his phone bill and college’s academic fees as “burden”. A 72 -year -old woman described some 45 -year -old estimated spending her current financial relationship as a child who is constantly planted (asks) to obtain small loans.
“She looked at her spending, and her daughter only was asking for money here and there,” said Klongpayabal. It added up to about $ 200 a month. In the additional answers of the respondents that Klongpayabal described, the 72 -year -old said that she was in a low -income slice, while sometimes talking to her daughter about money, she is still “expelling her door.”
“She was exhausted,” said Klongpayabal.
Klongpayabal, 49, designed a Savings.com poll, lives in Dallas with her husband and four of their cultivated children – one of them the millennium and three general Zekdes – all went directly to the workforce after high school. She said, “I am one of these people who did not expect to be when we started this research.”
Part of her interest in the topic comes, of course, from her personal participation with materials. And if the research shows that this is a wide -ranging fact among most people who have adult children, it is not so good to participate in old expectations about what appears to be successful, while also ensuring that you do not endanger your future.
She said: “It is not always equal to justice when it comes to the children who are taken care of, or if their needs are different.” “For all my children, as long as they are making progress towards a goal – as long as we are working on that, which is regular, then I think I have succeeded in launching them.”
“Many of these fathers quietly tell me that they are afraid that their death has become their children’s financial plan – and this is a terrifying position to be in it.”
It is not the perfect time to feel Boomers as if it is permanent bank accounts. Estimate 58.8 % They delay their retirement due to financial stress. In 2024, 60 % of the births became eligible for the full retirement benefits of social security, but only 10 % were Fully retired. More than half have less than $ 250,000 in retirement savings, according to Study 2024 From the Institute of Retirement and Alliance for Life Enter, it will be forced to “rely primarily on social security as an income source.” These benefits are expected to be about 22,000 dollars per year, according to Aarp.
“Poomer’s parents often feel love between love, responsibility and fear.” Melissa CoxA certified financial plan in the future wealth in Dallas told Salon. “On the one hand, they really want help. They see their children move in the costs of higher housing, student loans and stagnant wages, and they remember how difficult it is even when things were” easier. “
She said: “But on the other hand, many of these parents quietly told me that they are afraid that their death has become their children’s financial plan – and this is a terrifying position.”
To achieve this purpose, some respondents set the survey more stable limits.
“In this economy, I can barely support myself,” one of them wrote. “All I can do is guide and advise.”
“Unless there is an emergency, of course – I will always be there for emergency situations,” they added, I imagine a sweet sweet card, and the way I imagine is coming from my mother.
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