Dossier
intergenerational financial contagion
Coverage of intergenerational financial contagion in the Nexus archive.
- They're doing everything right for retirement. Their parents didn't.
Baby boomers are retiring with insufficient savings, forcing adult children to financially support aging parents while jeopardizing their own retirement plans. A Vanguard estimate shows only 40% of boomers aged 61-65 are on track to afford their desired retirement lifestyle, and examples like Brandon’s mother illustrate the intergenerational financial strain caused by under-saving.