Welcome to the Jill on Money Podcast. It's a little Friday extra. This week on

CBS this morning. I did a great segment, got tons of responses,

when to cut the financial cord with adult children.

Give this a listen.

In this morning's A On Money, we are looking at how many parents still help out

their adult children financially.

It's a big club.

2018 Merrill Lynch survey found 79% of parents financially supported an adult child

between the ages of 18 and 34. 25% said they would be willing to

withdraw from their own retirement savings to do it. For the Perry family in

Tampa, financial support means allowing their 31 and 28 year old sons to move

back in with them after they struggle to make ends meet.

They pay their own cell phone bill, they pay their car insurance, you know, so they pay for those things that make them independent, but the shared stuff is all us.

Yes, of course I could be saving money, putting it aside, but it hasn't affected

our retirement or our stability, so it's something that we can afford at this point.

See that's exactly where I wanted to put mine and you did it.

My house burned down at one point.

I was in the military, bad relationship, various means and it wouldn't be where I am right now without their help.

Life takes whatever turn at once to and it's up to you to how you deal with it and how you

perceive it. That's very true. It's really not bad. I mean we have great fun as a

family. I don't think people should look down on it. It's just how it is these days.

We believe in family and that family should support family.

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