"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
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