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%.
I cannot fathom why you wouldn’t consider that support. It is by definition. I think the problem is you consider support a negative for some reason. You’re supposed to support your family there’s nothing wrong with it.
The first paragraph of the article states:
My parents have no negative impact on their finances, they can still afford to travel internationally 2-3 times a year for multiple weeks at a time, and yet they would be included in that percentage.
This makes the headline very misleading, since it implies that 60% of retirees are experiencing a negative impact upon their finances.
Instead, I’d like to see the percentage of retirees who think they are experiencing a negative impact upon their finances. That number would be more useful in determining what to do about the situation.
I don’t see what that has to do with anything in either of our comments.
I’m also still not seeing why you immediately assume negative connotations.
I immediately assume negative connotations because the first sentence states “Negative Impact”
I don’t know what part of that logic is confusing to you.