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Majority of Parents Provide Financial Support to Their Adult Children -- Less Available for Retirement Piggybank?
LIMRA
Oct. 28, 2014
"A new LIMRA Secure Retirement Institute study finds that 6 in 10 American parents provide financial support to their adult children, which could undermine their retirement readiness.... 7 in 10 U.S. households with adult children have at least one adult child living at home. Nearly three quarters of households with adult children ages 18-22 have at least one adult child residing in their home."
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