Father knows best?

Commentary June 23, 2008 at 08:00 PM
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  • 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