Four in five think their kids have it harder than they did at same age, but seven in 10 unlikely to compromise retired life to help
Despite wanting to help their children, most baby boomers surveyed were reluctant to compromise their retirement lifestyle to do so.Despite wanting to help their children, most baby boomers surveyed were reluctant to compromise their retirement lifestyle to do so.and want to help where they can, but they are not willing to do so at the expense of their retirement lifestyle, new research shows.
But despite wanting to help, seven in 10 surveyed said they were unlikely to compromise their retirement lifestyle to do so. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup “The retirees can stay in their home where they’re comfortable, where they’ve got the social support networks, their clubs, their church, their community.About 90% of intergenerational wealth is passed on as an inheritance and – as a result of Australia’s ageing population – more often than not to the over 50s, he said.
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