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.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
