'Sandwiched' Or Not, Boomers Have No Shortage Of Family Obligations

We know, from much gleeful media coverage, that the baby boomers began turning 60 this year. But have they finally grown up? Maybe so, given all of the family responsibilities they now shoulder. A study by the Pew Research Center examines some of these.

Given boomers’ own past performance, there’s some cosmic justice in the fact that their offspring are in no rush to be financially independent. “Some 63 percent of boomers report that they have at least one adult child (ages 18 and older), and of this group, about two-thirds (68 percent) say they are supporting an adult child financially, either as the primary (33 percent) or secondary (35 percent) source of support.”