The older generation is putting its retirement at risk by helping out younger family members, rather than younger family members financially assisting older ones. And that's eating into retirement money.

The Employee Benefit Research Institute (EBRI) has found that money is overwhelmingly flowing from older people to younger, instead of younger adult family members taking on any financial burdens for the older folks

"For the older households, cash transfers can reduce their retirement assets, raising concerns about retirement security particularly for low-income groups," Sudipto Banerjee, EBRI research associate and author of the report, said in a statement.

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