Children of the baby boomers, the so-called sandwich generation, often support their parents as they age and their children as they enter college, with one eye on their own retirement funds.
More than 60 percent of young adults ages 19 to 22 receive financial help from their parents, according to a 2012 University of Michigan study. The tally comes to about $7,500 a year when help with rent,...
Already a Newsday or Optimum customer ?Log in
Get unlimited digital access $1 for 4 Weeks$0.99/Week Thereafter Subscribe