Do Households Save More When the Kids Leave Home?

Year of Publication
2016
Author
Alicia Munnell
Irena Dushi
Geoffrey Sanzenbacher
Anthony Webb
Document Number
IB#16-8
Institution
Center for Retirement Research at Boston College
Abstract

Kids are expensive. As a result, when children
become financially independent, parents often have
a substantial amount of extra money on hand. In
this case, they have two basic choices: spend more on
themselves or increase their saving for retirement.
What they actually do is an open question.
URL
https://crr.bc.edu/briefs/do-households-save-more-when-the-kids-leave-home/
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