X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
A quarter of survey respondents said they took withdrawals from retirement accounts to channel funds to adult kids, and about 20 percent report delaying retirement. (Photo: Shutterstock)

The 173 million Americans who count themselves as parents are spending twice as much supporting adult children as they are on saving for retirement. That’s according to a new study by Merrill Lynch and Age Wave, a private research think tank that explores the impact of aging on the economy.

Nick Thornton

BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.