Grown Children With Debts

It can be hard for parents to see their children grow up and move out of the house, but what happens when an adult child builds up a lot of debt? Do his or her parents become responsible for paying those bills? Carmen Wong Ulrich explains how much of the financial burden a parent shoulders for a grown child's debt.

 






















 

 

If you have a financial question you'd like Carmen to tackle, post it here in the comments or email us directly at ivcommunity@mail.ivillage.com


Watch Carmen Wong Ulrich's 'On The Money' Saturdays at 8PM ET on CNBC! Find more information on coping with the economy with our Bail Yourself Out resources.

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