4 facts about Baby Boomers and Parenting

This is the second in a series of baby boomer facts:

• Retirement Planning
• Labor Market
• Social Security
• Mortgages and Home Ownership
• Medicare and Life Expectancy
• Parenting

The next few blog posts will give you a taste of what is happening.

Here are four facts as they relate to Baby Boomers and Parenting:

• 43% of adult children between the ages of 25 and 34 live with their parents, according to 2010 data.
• As of 2011, 85% of college graduates move back in with their parents when they graduate because of the economy.
• 50% of baby boomer grandparents  have their own children help financially.
• In 2011, 4% of parents, many of them baby boomers, pulled out approximately $4,102 from their 401k or IRA or took a loan against it to pay for their child’s college tuition.

Are you helping your adult children financially? Are you looking after your grandchildren?

If you are interested in receiving the Baby Boomer Fact Sheet when it becomes available please click here!

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Marc Miller Career Change Coach