College graduates often facean embarrassing problem once they leave their fostering mother(aka, “alma mater”) and return to their real parents. Given thesizable loans most student accumulate, they're leftwith stark choices. Their first priority is to begin paying backthose loans; their second priority is to move out of their parents' home. If there's athird priority, it usually involves entertainment, leisure or justenjoying life.
The last thing they want to do is to live in their parents'basement, and they're also not likely to prioritize saving for retirement. When given the choicebetween living in their parents' basement to save for retirement ordeferring retirement saving to be able to afford to live on theirown, most adult children would prefer the latter.
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.