Posts Tagged ‘ family financial support ’

ADULT CHILDREN SUPPORT AGING PARENTS

Jun 4th, 2012 | By | Category: Senior Moments Blog

The feature article this week on SCJ’s Senior Finance page deals with a piece of research from Ameriprise Financial about Baby Boomers supporting their aging parents. The research addressed issues of support for the GEN X and Y groups as well. The piece caught our attention because we have heard from so many friends and family about their experiences supporting their elderly parents and/or their adult children and/or their adult grandchildren. It seems as though the economic issues are hitting every generation, and Baby Boomers are getting caught in the middle.

A recent discussion in which we were involved highlighted experiences senior couples had providing financial assistance to their adult children. Several couples were helping their adult children with mortgage payments.