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

 

No comments:

Post a Comment

Financial Planning for Women does not sell, rent, loan, lease or otherwise provide any personal information collected at our site to any third parties.