The picture of the doting parent, sacrificing to give the kidseverything, has just gotten a little crazier.
Not only do parents admit to overspending on their kids’ holidaygifts, they’re tapping their retirement funds to do so.
That’s according to T. Rowe Price’s 2015 Parents, Kids &Money survey, which not only found that 62 percent of parentsagreed with the statement, “I spent more for my kids over theholidays than I should have,” but that 7 percent of respondentsactually admitted to using their retirement accounts as holidayspending cash.
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