What’s happening to all that retirement money people are supposed to be saving?
It’s probably going to support, or help support, an older or younger family member.
That’s according to a Gallup poll, the first quarter Wells Fargo/Gallup Investor and Retirement Optimism Index survey, which finds that 32 percent of investors are providing financial support to an adult family member—a parent, a grown child, or perhaps even both.
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