Do you have clients whose grown children have recently moved back in? Or maybe clients whose kids never moved out to begin with? A 2016 Pew Research Study found that 32% of 18 to 34-year-olds were more likely to live with one or both of their parents than in any other living situation. During the early days of the COVID-19 pandemic this number soared to 52%, and today shows few signs of reversing.

For parents of this “forever child” Peter Pan generation, difficult issues and questions can arise. Those who feel compelled to continue supporting their kids financially for as long as possible may also experience intense financial strain from trying to do so, including postponed retirement plans. Divorced parents, especially, who diligently paid child support and shared in college tuition costs, may question their legal responsibility to provide further financial assistance.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]