Two independent studies of the financial burdens Americans bearfor parents, adult children, and the hope to help their kids finance highereducation reveal wide-ranging realities that challengethe imperative to adequately save for retirement.
One TD Ameritrade report shows that more than one in fiveAmericans provides ongoing financial support for a parent or anadult child.
In the past year, an average of $12,000 of support was handedout, diverting $630 billion from the economy, according to TDAmeritrade’s estimates.
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