Survey reveals generation gap over family financial planning | Reduction

Survey reveals generation gap over family financial planning

Excerpt:

They were frequently at odds when asked privately about such hard-to-discuss topics as elder care, retirement security and inheritance. -- Twenty-four percent of the adult children surveyed expected they will have to help their parents financially at some point. Yet 97 percent of the parents don't expect to need help. -- Nearly all the older parents and their grown children -- 97 percent -- disagreed on whether a child will take care of the parents if they become ill. -- Adult children underestimate the value of their parents' estate by more than $100,000 on average.

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elder care adult underestimate odds

Survey reveals generation gap over family financial planning

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Survey reveals generation gap over family financial planning

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• family financial planning
• fidelity
• generation gap

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Sharply divergent views seen between older parents, adult children on such matters as whether the children will have to give their parents financial help

Source URL: Survey reveals generation gap over family financial planning

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Full Content: http://feeds.cbsnews.com/~r/CBSNewsBusiness/~3/33-QHvEHmVk/

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