The stage of parenting that is most expensive, study finds

We all know that having kids is extremely expensive, but it turns out there’s a stage of parenting or age of our children that we feel the pinch the most.

A recent survey by financial advisors Merrill Lynch has found out the exact age parents spend the most on their kids – and the findings are very eye-opening!

baby holding hands
Source: Unsplash

The stage of parenting that is most expensive

2,500 parents were surveyed and it turns out that 72 per cent of parents say they spend twice as much on their adult children (aged between 18 and 35) than they do investing in their own retirement.

Yep, that’s right. Adult kids are more expensive than babies and infant / toddlers.

It turns out that parents are picking up the bills for big ticket items such as weddings, mortgage down payment and higher education.

60 per cent say they’ve helped pay for their child’s wedding and 25 per cent say they’ve helped pay for their child’s first home.

mum baby grandmother
Source: Pexels

94 per cent say it’s worth every penny spending their money on their adult offspring

However, it’s not just the big things parents are helping pay for. 54 per cent say they pay for all or some of their adult child’s phone bill.

94 per cent say it’s worth every penny spending their money on their adult offspring, 63 per cent admit they have sacrificed their financial security for the sake of their children. 8 per cent have admitted to coming out of retirement to help support their adult children, while 14 per cent have refinanced their home.

“When emotions and money become intertwined, parents risk making financial decisions that can compromise their financial futures,” states the report.

“These financial contributions add up, and many parents aren’t aware of how much they’re spending on their adult children.”

New survey reveals just how much childcare costs in comparison to grocery shopping

Being money aware can be extremely beneficial

Debt causing you relationship problems? You need to read this

Thankfully you can save $$ on the 28 Day Weight Loss Challenge


As mums we understand how tricky (and expensive) it can be a times. That’s we have done our best to create healthy meal plans and recipes that are accessible to all mums wanting to lose and tackle their health.

You can get thousands of BUDGET FRIENDLY meals and affordable weight loss plans on the 28 Day Weight Loss Challenge, which is designed for busy mums who are on a budget.

Think of it as the best value personal trainer, dietician, meal planner, chef and motivational coach that you have access to every day – the 28 Day Weight Loss Challenge is designed (and proven) to help busy mums on a budget like you lose weight!

These tools will HELP you organise your weekly schedule so that MEAL PREP is SIMPLIFIED and BUDGET FRIENDLY.

To learn more about our challenge OR to join – click here.