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66 percent of affluent parents say they’d choose to spend on themselves during retirement than leave their kids an inheritance. (Photo: Shutterstock)

They spend freely enough for their kids’ education and upbringing, but affluent parents expect to spend more on their own retirement rather than to keep on supporting their kids.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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