There is no doubt that it’s hard to be a young adult right now. Between the high cost of housing, a challenging job market, and persistent, people in their 20s and 30s are feeling the financial pinch, which means parents are supporting their kids well after graduation.
Parents are often able to start ramping up their saving pretty aggressively in their 50s as the mortgage gets paid off and their kids leave home. This is a time in their life when people can load up theirfund, making up for those years when raising kids and paying a mortgage made it hard to save. But supporting adult kids can scuttle this plan, especially if the kids cannot contribute to household costs.
Some parents like the idea of giving their kids a leg-up by holding on to the family home so they can pass it down, since buying a home is so unaffordable.