My adult children keep asking us for financial help with down payments and emergencies, and my spouse and I disagree about how much we can afford to give without jeopardizing our own retirement, but we've never actually calculated what we can sustainably offer. We just keep making decisions case by case and worrying we're being either too generous or too stingy.
More people experience this than they realize.
Two people are making financial decisions about family support without a shared framework for what they can actually afford.
“Where Are You with Money in your 50s and 60s — the pre-retirement decade?”
If this sounds familiar, the Library can help you find the bigger picture.