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Family giving depletes retirement funds

Older people are helping younger family members, depleting retirement funds, EBRI says.

By Marlene Y. Satter | Updated on June 18, 2015
Photo: AP

The older generation is putting its retirement at risk by helping out younger family members, rather than younger family members financially assisting older ones. And that’s eating into retirement money.

The Employee Benefit Research Institute (EBRI) has found that money is overwhelmingly flowing from older people to younger, instead of younger adult family members taking on any financial burdens for the older folks

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