Swimming Confidently in Dangerous WatersSwimming Confidently in Dangerous Waters

We’re in a new era of family interdependencies. In recent years, approximately 60 percent of Americans aged 50 and older have provided financial assistance to members of their family, including adult children, parents, grandchildren, siblings or other relatives.¹ This generosity, in which people place importance on helping family, runs through our culture. 

Presently, many adult children and grandchildren are struggling with careers, tuition costs and a variety of other financial challenges. At the same time, large numbers of our clients simply don’t know how to say “no” to their kids and grandkids, nor are they comfortable setting boundaries or fair terms surrounding financial requests. There’s little proactive discussion about expectati...