Filed Under:Markets, Boomer Market

Help to family rivals retirement for many boomers

The survey reveals that six in ten pre-retirees would retire later or work longer to financially support family members.
The survey reveals that six in ten pre-retirees would retire later or work longer to financially support family members.

Half of pre-retirees ages 50 and older say they would make major sacrifices that could impact their retirement to help family members, according to new research.

Merrill Lynch Wealth Management discloses this finding in a new survey, “Family & Retirement: The Elephant in the Room.” Conducted in partnership with Age Wave, the survey polled 5,415 individuals ages 25 and older, including 2,104 respondents among the boomer (ages 47-67) and silent generations (ages 68-88).

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Nichole Morford

Nichole Morford
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