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Fact-of-the-Week: 12 September 2011

fact of the week

A Quarter of Working & Non-working Adults Assist Parents Financially

"Financial assistance is provided by children to their parents, regardless of the caregiver's gender or work status." Among adult children who are not working, 32% of men and 23% of women provide financial assistance to parents, while among those who are working, 26% of men and 22% of women do so, according to a 2011 analysis of data from the Health and Retirement Survey.
Metlife. (2011). The MetLife study of caregiving costs to working caregivers: Double jeopardy for baby boomers caring for their parents. Westport, CT: Metlife Mature Market Institute. Retrieved from (fig. 4, p. 10).

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