Your Guide:

Half of parents are still paying their grown kids’ bills (almost $1,500/month, on average), and it’s putting their own retirement at risk. The ‘Bank of Mom and Dad’ is open for business… but for how much longer? In this episode, Scott breaks down the rising trend of parents financially supporting Gen Z and millennial children, even into their 30s and 40s, and the often-overlooked danger it poses to long-term financial security.

We’re going to give you some real-world examples, including one client whose generosity nearly drained his retirement accounts. Plus, we’re going to help you recognize red flags, set boundaries, and have healthy conversations before resentment builds. It’s not an easy habit to break, but hopefully this conversation will help you reset expectations and protect your financial future.

Here’s what we cover in this episode:

💸 The emotional toll of helping too much

📉 Why some parents are delaying retirement

🚨 Red flags that it’s gone too far

📊 What to do when support turns into dependency

Key Moments:

0:00 – Intro

3:59 – Why is this such a common issue right now?

6:14 – Warning signs you’re helping too much

8:47 – How parents can pull support without hurting the relationship

12:55 – Tough love and focusing on your own future