Impacts of Financially Supporting Adult Children

As parents, we are all willing to support our kids. As our kids grow up, they'll need some support, both emotionally and financially. Sometimes financial support for adult children can create a sort of financial enablement where the "child" is unable or unwilling to take care of their own responsibilities. This can put the parents' finances in a tough spot as well as create division in family relationships, such as sibling relationships. In this episode, we'll explore the impact of this situation and a few different ways of dealing with the bigger picture of this scenario.