Having your adult children living in your basement is worse than you think. Boomerang kids can actually hurt your chances of a sound retirement.
Those 65 years or older with financially independent children are more than twice as likely to be retired than people of the same age group who financially support their adult children, according to a new report that retirement market research firm Hearts & Wallets shared with CNBC.com.
That's because those who are still supporting their kids are often putting off retirement to do so, said Hearts & Wallets co-founder Chris Brown.
Damian J. Sylvia
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