Nearly two in five, or 37%, of parents with young children expect financial assistance from their parents or grandparents over the next year, according to the BMO Real Financial Progress Index. The pressure reflects rising costs: 82% of American parents said raising children had gotten out of control, while 86% said expenses such as daycare, after-school programs, summer camps and school supplies were making it harder to save for their children. More than three-quarters said extended-family support was essential for affording opportunities. Assistance includes childcare and contributions to a 529 plan (a tax-advantaged education savings account). Care.com found parents spend about 20% of annual income on childcare on average, while housing data showed substantial reliance on family funds among Gen Z and Millennial homeowners. The trend is unfolding as older generations hold significant wealth, although access remains uneven and nearby family support often creates reciprocal obligations to care for aging parents.