Fifty-seven percent of parents anticipate providing financial support to their children even after they read adulthood, but two-thirds of them lack confidence in their ability to do so, a new survey suggests.
The TD Bank Group survey, released on Oct. 31, is an annual poll that looks at the concerns of Canadian parents.
Fifty-eight percent of parents polled last year said they had concerns about their child’s financial future.
This year, seven in 10 Canadian parents said they thought their children would face tougher financial challenges in life. Thirty-five percent of parents said they felt their children would only be financially independent when they were between 26 and 30 years old. …