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Another problem with retirement these days? Many seniors who were surveyed said they expect to be supporting their adult children for years to come, which is cutting into their plans for retirement.
A study conducted by SunAmerica Financial Group and Age Wave, which specializes in aging issues, has found that 70 percent of seniors expect to have to provide financial assistance to their adult children, according to a USA Today retirement story.
Are seniors in your area still supporting adult children? Or do they see this as a problem that will affect their retirement?
Here are some ideas to localize:
Seniors: Check with people at senior centers to see if they have similar concerns. Are adult children living with them because they've lost jobs? How is this affecting their retirement plans?
Retirement financial advisers: Ask if they've heard this as a concern? What sort of burden would it be for someone to still support younger generations as they're nearing retirement age? See if you can get a list of tips that might help people in this situation.
Psychologists or family counselors: Explore the "why" of this phenomonenon. Is it economic? Or is there any underlying issue for this generation of seniors to still feel they need to support their children at any age? Did the children have enough training in self-sufficiency? How can parents today ensure their children have what it takes to take care of themselves when they're adults?
Another problem with retirement these days? Many seniors who were surveyed said they expect to be supporting their adult children for years to come, which is cutting into their plans for retirement.
A study conducted by SunAmerica Financial Group and Age Wave, which specializes in aging issues, has found that 70 percent of seniors expect to have to provide financial assistance to their adult children, according to a USA Today retirement story.
Are seniors in your area still supporting adult children? Or do they see this as a problem that will affect their retirement?
Here are some ideas to localize:
Seniors: Check with people at senior centers to see if they have similar concerns. Are adult children living with them because they've lost jobs? How is this affecting their retirement plans?
Retirement financial advisers: Ask if they've heard this as a concern? What sort of burden would it be for someone to still support younger generations as they're nearing retirement age? See if you can get a list of tips that might help people in this situation.
Psychologists or family counselors: Explore the "why" of this phenomonenon. Is it economic? Or is there any underlying issue for this generation of seniors to still feel they need to support their children at any age? Did the children have enough training in self-sufficiency? How can parents today ensure their children have what it takes to take care of themselves when they're adults?
