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Boomerang kids may be sabotaging clients' retirement Many retirees are unable to shore up their retirement funds because their adult children either don't leave home or are returning to live with their parents, according to this article in the Chicago Tribune. While parents encourage their children to pursue their passion, they "are footing a lot of their expenses and killing their own retirement," says a family coach. Living with parents is the most popular living arrangement for the first time in more than 130 years for people 18 to 34 years of age, according to the article. Sometimes, it's necessary, but assistance should help foster independence. Simply getting money just reinforces the behavior of asking and can ultimately lead to dependency. Instead, clients are advised to support their children in a way that will teach them to live independently later on, not to become dependent on them financially. --Chicago Tribune
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