{
  "id": 4145299,
  "title": "More Adult Children Are Supporting Their Parents. It May Cost Them in Retirement",
  "url": "https://urgent.news/2026/08/28/more-adult-children-are-supporting-their-parents-it-may-cost-them-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T04:03:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/economy/articles/more-adult-children-supporting-parents-040300253.html"
  },
  "original_language": "en",
  "account": "A recent study from the Center for Retirement Research reveals that more adult children are now supporting their aging parents, which may impact their own retirement savings. The median combined balance of 401(k)s and IRAs for near-retirement households with a 401(k) was $204,000 in 2022. As Americans live longer, an increasing number of people will likely turn to their children for financial help after retiring. This trend could place significant stress on the \"sandwich generation\" – those who care for both their own children and aging parents. Fred Barstein, CEO of The Retirement Advisor University, stated that adult children face various degrees of financial strain while taking care of both their kids and parents. While wealthier individuals may not immediately suffer the consequences, they still allocate fewer savings to retirement and housing, which could be critical if a parent faces an urgent financial need. People of color and older adults are more likely to receive assistance from their children, with 13% of adult children in the US providing financial help to parents who live separately. Barstein highlighted that several factors contribute to the growing percentage of Americans supporting their parents in retirement, including higher healthcare costs, increased life expectancy, inadequate personal savings, and differing expectations about what children should do to support their parents.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}