%0 Report %D 2016 %T Do Households Save More When the Kids Leave Home? %A Alicia H. Munnell %A Irena Dushi %A Geoffrey T. Sanzenbacher %A Anthony Webb %A Anqi Chen %K 401(k) %K Family %K Family Characteristics %X 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. %I Center for Retirement Research at Boston College %G eng %U https://crr.bc.edu/briefs/do-households-save-more-when-the-kids-leave-home/