Browsing: parents

Forty-five percent of American adults don’t know what their parents’ financial situation is, according to a 2024 survey by U.S. Bank. It might come as no surprise to many. The same survey found that, when talking to their parents, American adults were more comfortable discussing who they were voting for than their personal finances. 

Financial favouritism can cause jealousy and resentment long into adulthood and, in some cases, even spark legal disputes after a parent dies. But experts say there are strategies that can help you avoid it.