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About 47% of parents right now are paying their adult children's bills things like their health insurance their cell phone their rent their food cost pretty much everything that people need and cost a good amount of money. And the worst part is they are putting off and even foregoing their own retirement savings in order to subsidize their kids lifestyle. This is a bad thing for both parents and children and will have devastating effects for decades to come. Do you think we have a bad economy now? Just wait until we have a bunch of 50 or 60-year-olds that don't know how to support themselves. Need a Realtor? https://homeandmoney.com/michael/ ====== My Filming and Editing Equipment https://michaelbordenaro.com/my-youtu... ====== Save Money on Property Taxes FOREVER! http://Ownwell.com/michaelbordenaro ====== Sign Up for My Email list and Get Weekly Video Updates in Your Inbox! https://bit.ly/MBreminders ====== Get Cash Back on ALL your Internet Purchases! https://www.rakuten.com/r/NIRVPL2?eei... ====== My Microphone (Lot of People Have Asked) https://amzn.to/3Mhs2oz Articles Mentioned in the Video https://www.wsbtv.com/news/local/atla... https://corridorbusiness.com/uscellul.... https://apple.news/APpaXDVO7SYyGCqXIE... https://apple.news/AAcIIaS2hS7yyscxva... 0:00 Financial Dependency and Family Dynamics 7:11 Financial Sacrifices and Risks for Parents 8:49 Economic Challenges and Loan Modifications 18:42 Economic Effects of Tariffs and Inflation FTC Legal Disclaimer - Some links found in the description box of my videos may be affiliate links, meaning I will make commission on purchases you make through my link. This is at no extra cost to you to use my links/codes, it's just one more way to support the channel! :) DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.