When Americans think about retirement one of the main obligations they feel is the need to offer financial assistance to their adult children. More than 60% of respondents to a July 12 SunAmerica Financial Group survey expect that they will be helping their adult children as well as their spouse, grandchildren and siblings.
More than 1,000 respondents age 55 and older are six times more focused on building a plan that gives them peace of mind and will protect their family and assets compared to a decade ago when SunAmerica partnered with Age Wave to first examine attitudes toward retirement. In October 2001 the primary focus was to accumulate as much wealth as possible.
