58% of young adults are still living at home, impacting their parents’ path to retirement

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58% of young adults are still living at home, impacting their parents’ path...

Adult Children Are Costing Many Parents Their Retirement Savings

"Half of American parents are unable to save as much as they’d like too for retirement, and their grown offspring — whom they still count as dependents — are to blame, according to a new Bankrate survey." "Instead of bankrolling their grown kids’ lifestyles, parents would do well to keep an eye on their own finances while teaching their children financial independence, experts say." "It’s overwhelmingly a bad idea for parents to support their adult children, mental health experts say. Providin…