Protective Parents

Budgeting

NO TECH

We have retired this resource and it is no longer being maintained. �Please visit https://www.ngpf.org/fincap-friday/ for the newest resources.

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PROTECTIVE PARENTS | MAY 7, 2021 EDITION | NEXT GEN PERSONAL FINANCE

You’ve completed the exercise, now it’s time to learn

more about the current event:

PROTECTIVE PARENTS | MAY 7, 2021 EDITION | NEXT GEN PERSONAL FINANCE

Discussion Prompt:

Would you financially support a child after they become an adult? Why or why not?

PROTECTIVE PARENTS | MAY 7, 2021 EDITION | NEXT GEN PERSONAL FINANCE

Extend Your Learning

Three Relevant Resources from NGPF:

• What percent of households led by someone 55 or older have NO money saved for

Retirement? (Question of the Day)

• Car, Home, Retirement: What's My Plan? (Case Study)

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References:

• Half of parents financially helping their adult children say it’s putting retirement

savings at risk (Bank Rate)

Parents are sacrificing their own financial wellness to support their adult children,

survey finds (CNBC)

• Retirees, You Need To Stop Supporting Your Adult Children. Here’s Why (Forbes)
• Parents supporting adult children: The good and bad (Mass Mutual)

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PROTECTIVE PARENTS | MAY 7, 2021 EDITION | NEXT GEN PERSONAL FINANCE