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A Kiplinger report describes the financial pressures on adults supporting both children and aging relatives, citing 2025 caregiving and living-arrangement statistics. Its guidance includes reviewing parents’ health coverage, sharing care, setting expectations with adult children and treating retirement savings as a last resort for family expenses.
A Kiplinger report outlines ways adults who support both aging parents and children can manage family expenses while protecting their retirement savings. The guidance comes as figures cited in the report point to the scale of caregiving and multigenerational living in the United States, though the article does not present a newly announced policy or change to retirement rules.
The report cites the Caregiving in the US Research Report 2025, which says one in four adults is a caregiver and roughly 29% of caregivers support both children and aging adults. It also cites John Burns Research and Consulting data that a record 19% of adults ages 25 to 34 live with parents or grandparents. The supplied material does not provide the underlying survey methods or comparison periods for these figures.
For families helping older relatives, the report recommends checking whether a parent is enrolled in a suitable health plan and looking into government or community assistance. It identifies medical bills and assisted living as potential financial pressures. Depending on a family’s circumstances, relatives might share caregiving, transportation or meal preparation, or a parent might move in with a family member. These options can reduce paid-care expenses, but the report does not estimate savings or assess each household’s eligibility and care needs.
For adult children, the article emphasizes discussing money and expectations, and helping create a practical path toward greater independence. That might include budgeting for housing, finding work or building emergency savings. It also suggests forms of help that may cost less than direct financial support, such as babysitting grandchildren or sharing family meals. The report advises readers to consider their own long-term needs before using retirement funds to cover relatives’ expenses.
Care Costs Can Reach Retirement
Family support can compete with saving for retirement over a long period. Money withdrawn from retirement accounts may be difficult to replace, while time spent caregiving can also affect a person’s capacity to work or manage household finances. The report’s recommendations focus on considering practical alternatives before turning to savings built for later life.
The figures cited suggest that caregiving and adult children living with relatives affect substantial portions of the population, but they do not show how much any individual family spends or how caregiving changes retirement outcomes. The significance for readers is the need to assess their own budget, care obligations and options rather than assume that a single arrangement fits every family.
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Two Generations Need Support
The source describes pressures that may overlap for midlife adults: parents living longer, adult children remaining financially dependent, career demands and preparation for retirement. Inflation and unexpected expenses can add to those strains. These are presented as contributing pressures, not as a quantified explanation for the cited statistics.
The report also refers to a 2025 Hollywood Reporter article in which Tina Fey described living with her children and an aging parent as wonderful while acknowledging the toll. That example illustrates the emotional as well as financial dimensions of shared family care; it does not establish how common any particular household arrangement is.
“Treat retirement savings as a last resort for helping family, not a first response.”
— Kiplinger report
Household Costs Vary Widely
The supplied material does not state the Kiplinger report’s publication date, provide detailed methods for the cited statistics or quantify the retirement impact of caregiving. It also does not establish whether Medicare Advantage would lower costs for a particular parent; plan benefits, premiums and out-of-pocket expenses depend on individual circumstances. Eligibility for public or community programs, the cost of assisted living and the availability of relatives to share care are also unresolved for any specific household.
The article offers general suggestions rather than individualized financial or medical recommendations. It does not compare specific insurance plans, calculate a safe level of family support or say how much a person should keep in retirement savings.
Build a Family Support Plan
The report advises readers to review family expenses and options with a financial adviser, separating urgent needs from commitments that can be sustained over time. Families can examine coverage and assistance options for older relatives, discuss financial expectations with adult children and decide which caregiving tasks can be shared. The next step for any household is to make those choices in light of its own resources, care needs and retirement timeline.
Key Questions
How many caregivers support both children and older adults?
The Caregiving in the US Research Report 2025, as cited by Kiplinger, says roughly 29% of caregivers support both children and aging adults. The supplied source does not specify the survey’s comparison period or methodology.
What does the report suggest for families helping aging parents?
It suggests reviewing a parent’s health plan, checking government and community assistance options, and considering whether family members can share tasks such as transportation, meals or caregiving. The right options depend on the parent’s needs and the family’s circumstances.
Should people use retirement savings to help relatives?
The report advises treating retirement savings as a last resort for family support because withdrawn funds can be difficult to rebuild. It encourages exploring other forms of help and considering what is sustainable for the household.
How can parents support adult children without paying every bill?
Kiplinger recommends discussing expectations and helping adult children work toward independence through steps such as budgeting, employment or emergency savings. It also gives examples of practical support, including babysitting grandchildren and sharing meals.
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