Retirement portfolios may be on the mend, but it doesn’tmean Baby Boomers are out of the financial wildernessjust yet. More than half (55 percent) of baby boomers admit they’veallowed their adult children to move home and live rent-free—butthe support that most provide their kids and aging parents extendswell beyond room and board, according to new findings fromthe Money Across Generations II study,released Tuesday by Ameriprise Financial. In fact, boomers continueto prioritize their families’ needs over their own, despiteincreased uncertainty about their own financial security.

“Boomers are feeling the pressure financially and emotionally,”Suzanna de Baca, vice president of wealth strategies at AmeripriseFinancial, said in a statement. “In many cases they’re sandwichedbetween children who are unemployed or struggling to pay down theirstudent loan debt and aging parents who are facing complex healthand financial issues. At the same time, they’re trying to preparefor their own retirement. The demands on their time and money canfeel endless.”

By telephone, researchers interviewed 1,000 baby boomers with atleast $100,000 in investable assets, along with 300 parents and 300adult children of baby boomers.

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