The cost of living is hitting families hard πππ¨π¦
A new RBC report says 51% of Canadian parents with adult children between 18 and 40 are still helping them financially.
Among parents providing support, the average amount given over the past year was reportedly $6,151, with much of the money going toward necessities like groceries, rent and unexpected expenses.
With housing, food and everyday expenses remaining major costs, financial independence can look very different than it did for previous generations.
At what age do you think parents should stop financially supporting their kids, or should there be no age limit? Thoughts βοΈπ€β€΅οΈ
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