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Reply to "Millenials are ruining their parents retirement plans?"
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[quote=Anonymous]I know plenty of genxers who mooch off their parents. I also know boomers who mooched off their parents (and are now in a comfortable place in retirement because of inheritances, not their own financial acumen or frugality). Everybody on this board complains about how rich boomers are etc. I think it is because most people who frequent this board have well-off parents. A very high percentage of Boomers do not have retirement savings and the idea that all boomers have a pension to tap is also false. I think the range is like 25% of boomers have some sort of pension. Paying for an adult child's cell phone on a family plan is not keeping people from saving for retirement. It is a lifetime of overspending. [/quote]
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