Do parents live it up when children fly the coop?

Coe, Norma B., Zhenya Karamcheva, and Anthony Webb. “Do parents live it up when children fly the coop?”. Issue in Brief 10-18, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, November 2010. http://hdl.handle.net/2345/bc-ir:104241.
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Abstract

The brief's key findings are: (1) Estimates of retirement security depend crucially on the assumption of what parents do with the money that is freed up when their children leave home. (2) The Health and Retirement Study’s consumption survey is used to determine whether parents save it for retirement or spend it on consumption. (3) The results show that households whose kids move out increase spending by about 50 percent per person relative to other households. (4) Such changes increase the risk that households will be unable to maintain their pre-retirement living standard once they retire.

Title
Do parents live it up when children fly the coop?
Author
Coe, Norma B.
Karamcheva, Zhenya
Webb, Anthony
Center
Center for Retirement Research
Genre
report
Date Issued
November 2010
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
10-18
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104241
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing retirement

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