Monday, May 7, 2012

Baby Boomers' Money Troubles: They're Worse Than We Thought

Over the past few years, high unemployment, the housing market implosion and falling wages have driven many American families closer together -- both financially and literally. Parents are supporting their adult children, children are supporting parents, and generations are helping each other to weather the economic storms.

In some ways, that's heartwarming, but according to a recent study, the rising trend of inter-generational support has hit baby boomers particularly hard. They're caught between financially-strapped elderly parents who can no longer work, and adult children who can't find work. Read More