Father knows best?

• 51%: Percentage of boomers who think their parents are satisfied with their retirement.
• 37%: Percentage of boomers who feel they would be satisfied with a retirement similar to their parents’.
• 77%: Percentage of retired parents who aren’t receiving financial help from adult children.
• 21%: Percentage of adult children who think their parents are too frugal in retirement.
• 25%: Percentage of adult children who think guaranteed income products are appropriate for their parents; 51 percent say it sounds attractive for themselves.
• 42%: Percentage of retired parents who are interested in guaranteed income products would be appropriate for their children; 36 percent are interested in the product for themselves.

Source: NAVA