How to strategically cut the financial cord with adult children
2 min read
Ida Khajadourian: Financial support should not come at the expense of a child’s path to financial independence
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By Ida Khajadourian
A staggering 91 per cent of Canadian respondents to an informal survey conducted in 2023 said they extended financial support to their adult children, covering expenses such as groceries, mortgage payments and rent amidst rising living costs.
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While parents can provide this type of support out of love for their children, it should not come at the expense of their child’s path to financial independence.
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Special to Financial Post
2024-01-27 11:00:49
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