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Parents Are Sacrificing This To Help Their Adult Children

Author LauRen Merola

To cope with the high cost of living, many young Americans are turning to Mom and Dad to help pay the bills. The thing is, new research shows parents of adult children are eager to help, even if it means risking their own financial future.

Bankrate’s new Financial Independence Survey on how much parents are sacrificing:

  • 61% of parents or guardians of kids age 18 or older are currently sacrificing financially, or have done so in the past, to help their adult children.
  • It’s even higher for Gen X parents, 69% of them are doing it, even digging into retirement accounts or emergency savings to help their adult kids.
  • Parents are helping their grown children by paying everyday bills for them, giving them large amounts of money for big purchases or letting them live at home rent-free.
  • As a result of the high cost of housing, 49% of young adults 23 or older say they’re currently receiving or have received ongoing financial assistance from their parents to help pay for housing.
  • More than a third (37%) of them received rent payments or were allowed to live with their parents for free and 17% got money from Mom and Dad to buy their first home.
  • About half (48%) say they now get, or have gotten, help with everyday expenses like groceries and utilities from their parents.
  • Unfortunately, giving money to their adult kids means these parents aren’t able to save for retirement (37%) or reach some other milestone (44%).
Parents are

LauRen Merola Strager is a former NFL & NBA cheerleader turned radio host. LauRen is a former Miss Pennsylvania USA and is a proud wife and mother of two. She is the owner and chief editor for her fashion and lifestyle Blog “All Of The F-Words” and is a champion for the Autism community. You can read all about LauRen’s thoughts on motherhood, pageant life, and everyday life through her online content.

2024 North Carolina Hospital Safety Grades

No one likes going to the hospital. Many times you don’t plan on it either. But when you need to go, you want the absolute best care you can receive. And you certainly want that experience to be safe. Which is where North Carolina Hospital Safety Grades come in.

That’s why The LeapFrog Group has made it the company’s mission to help you make the best decisions regarding your health care. For over 20 years  they have “collected, analyzed, and published hospital data on safety and quality in order to push the health care industry forward.”

RELATED: A, B, C? Here’s How North Carolina Hospitals Scored For Safety

This puts a sense of transparency into the healthcare industry leading to higher quality of care and hospitals making “giant leaps forward in the safety, quality, and affordability.”

And The LeapFrog Group just released its 2024 Hospital Safety Grades. They have ranked each hospital in the nation as either an A, B, or C. You can read the full methodology on these scores here.

Most of the Charlotte area hospitals received A grades though a few did receive B and even C grades. Does this mean you won’t get good care? No. But it’s information consumers have a right to know.

RELATED: Best Children’s Hospitals, Here’s Where North Carolina Hospitals Stand In Latest US News Rankings

All grades are the determination of The LeapFrog Group and you can view those and ones from any other city and state in the US here.

Keep reading to see the North Carolina Hospital Safety grades as determined by The Leap Frog Group. Hospitals included on this list are in the greater Charlotte area. The two closest South Carolina Hospitals are also included on this list since they are technically in the Charlotte area.

North Carolina Hospital Safety Grades 2024 (Charlotte Area)

  • A's

    A

     

    • Atrium Health Union (600 Hospital Dr, Monroe)
    • Caromont Regional Medical Center (2525 Court Dr, Gastonia)
    • Catawba Valley Medical Center (810 Fairgrove Church Rd, Hickory)
    • FirstHealth Moore Regional Hospital Richmond (925 Long Drive, Rockingham)
    • Iredell Memorial Hospital (557 Brookdale Drive, Statesville)
    • Novant Health Huntersville Medical Center (10030 Gilead Rd, Huntersville)
    • Novant Health Matthews Medical Center (1500 Matthews Township Parkway, Matthews)
    • Novant Health Mint Hill Medical Center (8201 Healthcare Loop, Charlotte)
    • Novant Health Presbyterian Medical Center (200 Hawthorne Lane, Charlotte)
    • Novant Health Rowan Medical Center (612 Mocksville Avenue, Salisbury)

  • B's

    B

    • Atrium Health- Mercy (2001 Vail Ave, Charlotte)
    • Atrium Health Cabarrus (920 Church Street, Concord)
    • Atrium Health Cleveland (201 East Grover Street, Shelby)
    • Atrium Health Lincoln (433 McAlister Rd, Lincolnton)
    • Atrium Health Pineville (10628 Park Rd, Charlotte)
    • Carolinas Medical Center (1000 Blythe Boulevard, Charlotte)
    • Frye Regional Medical Center (420 N Center St, Hickory)
    • Lake Norman Regional Medical Center (171 Fairview Rd, Mooresville)
    • MUSC Health- Lancaster Medical Center (800 W. Meeting Street, Lancaster, SC)

  • C's

    C

    • Atrium Health University City (8800 N Tryon Street, Charlotte)

  • D's

    D

    • Piedmont Medical Center (222 S. Herlong Ave, Rock Hill)

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Author LauRen Merola
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