The $500 Billion Annual Expense Ruining the Future for Parents in the U.S.
If you're a parent, you know raising kids is very expensive. And for millions of parents throughout America, the costs don't end when children reach adulthood. In fact, parents are spending a small fortune to help their grown children -- and it could be costing them their own financial security.
According to a recent study conducted by Merrill, American parents are spending more than $500 billion annually helping their adult children. A quarter of these costs involve education, while the rest goes to everyday expenses, home down payments, car-related costs, cellphone service, and even vacations.
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Source Fool.com
