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Kiplinger
Kiplinger
Business
Richard Eisenberg

UNCOVERED: When helping mom and dad hurts your wallet | History Defined

A young woman helps her aging father with his finances on a laptop at the kitchen table.

If you’re among the nearly one in four Americans who are providing financial support to an aging parent, chances are you’re feeling the squeeze — emotionally as well as financially.

That’s the conclusion of two recent surveys, which found that the cost of lending parents a hand is making it tough for many adult children to reach their own money goals and leaves some of them feeling conflicted about the help they’re giving.

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