elderly woman on motorcycle A TIAA study reveals that 57 percent of people surveyed say the way their parents prepared for retirement has affected their own behavior. (Photo: Shutterstock)

If they’re confident and have a good financial outlook, the odds are that future retirees owe that to their parents’ approach to retirement planning. And whether they have that outlook or not depends on which generation their parents belong to.

According to a TIAA survey, Americans who aren’t confident about how financially secure their parents are in retirement (27 percent) are twice as likely not to be confident about their own retirement as those who are confident about their parents’ retirement (72 percent, compared with 36 percent).

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Marlene Satter

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

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