The impact of raising children on retirement security

Munnell, Alicia Haydock, Wenliang Hou, and Geoffrey T. Sanzenbacher. “The impact of raising children on retirement security”. Issue in Brief 17-16, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, September 2017. http://hdl.handle.net/2345/bc-ir:107605.
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Abstract

The brief's key findings are: (1) The cost of raising children could make it harder for parents to save for retirement. (2) On the other hand, if parents offset child-rearing expenses by spending less on themselves, they could still end up well prepared in retirement. (3) The analysis uses the National Retirement Risk Index to look at what impact children actually have on retirement preparedness. (4) The results show that children reduce household wealth and moderately increase the likelihood of retirement risk for older working households.

Title
The impact of raising children on retirement security
Author
Munnell, Alicia Haydock
Hou, Wenliang
Sanzenbacher, Geoffrey T.
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
September 2017
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
17-16
Persistent Link
http://hdl.handle.net/2345/bc-ir:107605
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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