Help your adult child financially without having to be an ATM

SINGAPORE - From housing to daily expenses, many parents continue to fund their adult children long after they leave school. But what looks like love may in the long run create more financial strain than relief.

In Singapore, it is common for middle-aged and retired parents to dip into their savings to support their grown-up children, covering everything from big-ticket items like housing and car down payments to everyday expenses such as cellphone bills and subscriptions, credit card payments, and even the costs of caring for a pet cat or dog.