Movin' On Home

| January 15, 2019
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Out of every ten parents of young-adult children (age 18 to 35), eight are providing them with some kind of financial support.

This new Merrill Lynch-Age Wave survey reveals the full extent to which today’s Boomer-age parents continue to take parenthood seriously and often jeopardize their own financial future by putting their kids’ needs first. (CBS This Morning)

Yes, 79% of these parents say they’re providing their grown-up kids with financial support.

According to the U.S. Census Bureau, 34.1 percent of people aged 18 to 34 lived under their parents’ roof in 2015. That’s up from 26 percent in 2005.

One in four young people living in their parents’ home neither go to school nor work.

Parents of adult children contribute $500 billion annually — twice the amount that they invest in their own retirement accounts.


Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O


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