Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Benefits October 25, 2010
Half of Adult Children Know Parents’ Money Situation
October 25, 2010 (PLANSPONSOR.com) – Forty-seven percent of adult children with retired parents say they have had detailed conversations with them about their income and expenses.
Reported by Rebecca Moore
A news release from the Employee Benefit Research Institute (EBRI) about its recently released 2010 Health Confidence Survey (HCS) said 54% of retired parents reported having the in-depth conversations with their adult children.
Meanwhile, 42% of adult children said they know about how much money their retired parents have, while 63% of the parents said they think their adult children have this information.
The survey was conducted by EBRI and Mathew Greenwald & Associates (see Health Cost Hikes Drive Savings Cutbacks).
More information about the survey results is at http://ebri.org/surveys/hcs/2010/.