Parents spend $500 billion annually on their adult children—about double what they put into their retirement accounts, according to a study released on Tuesday by Bank of America Merrill Lynch and aging consultancy Age Wave. Nearly 80% of U.S. parents give some financial support to their early-adult children...." Get the details from Reshma Kapadia, writing for Barrons: https://www.barrons.com/articles/urban-outfitters-stock-run-isnt-done-quite-yet-1538495424
October 4, 2018
Are your children ruining your retirement prospects?
"Raising children has never been inexpensive. But the costs go well
beyond daycare and college today, extending far into young adulthood—and
that could pose a problem for parents’ retirement plans.
Parents spend $500 billion annually on their adult children—about double what they put into their retirement accounts, according to a study released on Tuesday by Bank of America Merrill Lynch and aging consultancy Age Wave. Nearly 80% of U.S. parents give some financial support to their early-adult children...." Get the details from Reshma Kapadia, writing for Barrons: https://www.barrons.com/articles/urban-outfitters-stock-run-isnt-done-quite-yet-1538495424
Parents spend $500 billion annually on their adult children—about double what they put into their retirement accounts, according to a study released on Tuesday by Bank of America Merrill Lynch and aging consultancy Age Wave. Nearly 80% of U.S. parents give some financial support to their early-adult children...." Get the details from Reshma Kapadia, writing for Barrons: https://www.barrons.com/articles/urban-outfitters-stock-run-isnt-done-quite-yet-1538495424
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