The Bank of Mom and Dad: How Parents Insure Against Income Shocks

Comments (2)

al_borland · 2h ago

I’ve seen many people put their own retirement at risk by giving their children too much help for too long. They meant well, but put themselves in a very vulnerable position. Due to their children not learning how to take care of themselves, they are in no position to return the favor and help their parents in retirement.

toomuchtodo · 2h ago

Paper: Insuring Labor Income Shocks: The Role of the Dynasty - https://www.nber.org/papers/w34253 | https://doi.org/10.3386/w34253

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The Bank of Mom and Dad: How Parents Insure Against Income Shocks

Comments (2)