Some baby boomers are supporting their “boomerang” children.
Are you providing some financial support to your adult children? Has that hurt your retirement prospects?
It seems that the wealthier you are, the greater your chances of lending a helping hand to your kids. Pew Research Center data compiled in late 2014 revealed that 38% of American parents had given financial assistance to their grown children in the past 12 months, including 73% of higher-income parents.1
The latest Bank of America/USA Today Better Money Habits Millennial Report shows that […]