Study Shows That Boomers Give Plenty Of Financial Help To Kids And Parents
Posted February 13, 2008
Baby boomers often are stereotyped as self-indulgent, only thinking of their most immediate needs.
Yet, a study by Ameriprise Financial concludes that boomers are providing more financial support to their children well into their adult years and at the same time that they’re assisting their own aging parents.
The assistance that boomers are providing to adult children covers a remarkable array of needs — from paying off college loans to buying cars, making rent or mortgage payments, and funding medical insurance.
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