The report said 59 per cent of retirees report helping their non-student adult children with both day-to-day expenses and big-ticket items like home purchases.
The report said 59 per cent of retirees report helping their non-student adult children with both day-to-day expenses and big-ticket items like home purchases.
It says this includes things like helping with grandkids schooling.
My parents started a university savings account for my kids the day they were born because they wanted to, I hardly consider it “supporting” me and my wife in any way. The kids won’t need it for a decade still, and we could cover their costs without it just fine.
Helpful, sure, but the headline is misleading at best if it’s including that in the 60%.