Do Households Save More When the Kids Leave Home?

TitleDo Households Save More When the Kids Leave Home?
Publication TypeReport
Year of Publication2016
AuthorsMunnell, AH, Dushi, I, Sanzenbacher, GT, Webb, A, Chen, A
Document NumberIB#16-8
InstitutionCenter for Retirement Research at Boston College
Keywords401(k), Family, Family Characteristics
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.

URLhttps://crr.bc.edu/briefs/do-households-save-more-when-the-kids-leave-home/
Citation Key10766