Boomers who have cut the financial apron strings to their grown children are more than twice as likely to be retired as boomers who are still helping their kids with money. 

That's the verdict of Hearts & Wallets' latest topic brief, which found that nearly a third of boomers are still supporting their children, whether adults or minors. 

While overall 35 percent of boomers are retired from full-time work, only 21 percent of parents who are still supporting their adult children are fully retired.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.