1 in 3 Investors Is Financially Supporting an Adult Family Member
You may be in for a rude awakening if you've envisioned retirement as a time filled with relaxation, travel, and bumper stickers proudly announcing you're spending your children's inheritance. The "sandwich generation," adults who have both living parents over 65 years of age and adult children, is increasingly providing financial support to adult family members.
If you're among those who provide support to others, your financial well-being can be severely affected. Planning and communication are key to reduce the effect.
Image source: The Motley Fool
Source: Fool.com