menu

In the News

BABY BOOMERS ARE GIVING FINANCIAL HELP TO THEIR GROWN CHILDREN

By Penelope Wang – Consumer Reports.

For many parents, it’s second nature to want to make financial sacrifices to support their children, even after they’ve become adults. More than 7 out of 10 parents say they put their children’s interests ahead of their own. But too much generosity isn’t a good long-term strategy.  Not knowing when to stop helping can get parents into long-term financial hot water, said Mari, in an interview with Consumer Reports. To avoid this situation, boomers should set ground rules for giving. Here’s the details. (Read the full article here)

29 Aug, 19