What it means to parent has evolved over the years, reflecting shifts in societal norms, expectations, and significant demographic and economic changes observed globally and in the United States (US). As changing socio-demographic landscapes shape young adults’ (aged 18-34) paths to self-sufficiency and financial independence, more and more parents find themselves engaged in their children’s lives more intensely and longer than expected.
This briefing article, commissioned by AARP, explores the size and scope of this evolving phenomenon, and discusses its wider impact on the financial resilience and overall health and well-being of parents in the US.
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