Wells Fargo/Gallup Survey: Investors Feeling the Squeeze of Supporting Children and Parents

Wells Fargo press release ------ According to the Wells Fargo/Gallup Investor and Retirement Optimism Index, 47% of investors have children and at least one living parent, placing them in what is commonly called the “sandwich generation.” Thirty-two percent of investors report providing financial help to a child age 18 or older, a parent, or both. Thirty-five percent of non-retired investors and 25% of retired investors give such financial support to these close family members. The survey was conducted by telephone with 1,007 U.S. investors Feb. 10-19. It finds that more than half of investors who aid an adult family member financially believe it is hindering their ability to save for their own retirement. This works out to be 20% of all investors and 22% of non-retired investors. To get more in depth information about the Wells Fargo/Gallup Survey that investors are feeling the squeeze of supporting children and parents click on the picture below to read the release.