According to that 17% of boomers+ are dependent on their parents. Just looking at boomers, that is around 70 on average. How many people that age even have parents still alive, let alone financially depend on them?
replyThe youngest boomers are 62 this year. Not many would have living parents. Are you referring to inheritance they may have gotten?
replyI'd speculate (based on a study I've recently been made aware of) about 17%.
replyBoomers can be trust fund babies too.
replyNot only that, if you're a single boomer with a living parent and neither of you have much other incomes its probably better to cohabitate in that old family house that was paid off in the 90s and share what little benefits you both receive.
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