Is Supporting Your Children Putting Your Retirement at Risk?

According to the study, The Financial Journey of Modern Parenting: Joy, Complexity and Sacrifice, which was conducted by Merrill Lynch in partnership with Age Wave, parents today spend $500 billion annually on their adult children, ages 18-34, double the amount they contribute each year to their own retirement accounts.

Click ▶️ to hear Alfred Edmond, Jr.’s Money Matters report: