@article {10766, title = {Do Households Save More When the Kids Leave Home?}, number = {IB$\#$16-8}, year = {2016}, 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. }, keywords = {401(k), Family, Family Characteristics}, url = {https://crr.bc.edu/briefs/do-households-save-more-when-the-kids-leave-home/}, author = {Alicia H. Munnell and Irena Dushi and Geoffrey T. Sanzenbacher and Anthony Webb and Anqi Chen} }