BMO Real Financial Progress Index: 81% of U.S. Latino Parents Say the Cost of Raising Kids is 'Out of Control'

BMO’s Real Financial Progress Index reports that 80% of U.S. Latinos say they wonder how others can afford to have a family, while 59% of Latino parents identify as the “sandwich generation.” Notably, 51% treat financial support to extended family as a non-negotiable monthly expense, highlighting ongoing financial pressure that may constrain discretionary spending.

Analysis

BMO’s Real Financial Progress Index reports that 80% of U.S. Latinos say they wonder how others can afford to have a family, while 59% of Latino parents identify as the “sandwich generation.” Notably, 51% treat financial support to extended family as a non-negotiable monthly expense, highlighting ongoing financial pressure that may constrain discretionary spending.