The report said 59 per cent of retirees report helping their non-student adult children with both day-to-day expenses and big-ticket items like home purchases.

  • AnotherDirtyAnglo@lemmy.ca
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    6 months ago

    Heh. After Dad died, my Mom shacked up with a guy we met while Dad was in the hospital. He went to the same high school as me, the same year I did. He’s lazy, broke, bipolar and unmedicated by choice - and a rabid far-right conspiracy theorist… So technically, she’s supporting an adult child.

    I’m doing just fine, thanks. :D

  • BlameThePeacock@lemmy.ca
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    6 months ago

    It says this includes things like helping with grandkids schooling.

    My parents started a university savings account for my kids the day they were born because they wanted to, I hardly consider it “supporting” me and my wife in any way. The kids won’t need it for a decade still, and we could cover their costs without it just fine.

    Helpful, sure, but the headline is misleading at best if it’s including that in the 60%.

    • njm1314@lemmy.world
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      6 months ago

      I cannot fathom why you wouldn’t consider that support. It is by definition. I think the problem is you consider support a negative for some reason. You’re supposed to support your family there’s nothing wrong with it.

      • BlameThePeacock@lemmy.ca
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        6 months ago

        The first paragraph of the article states:

        The majority of Canadian retirees are supporting their adult children financially, which they say is having a negative impact on their own finances, a new report has found.

        My parents have no negative impact on their finances, they can still afford to travel internationally 2-3 times a year for multiple weeks at a time, and yet they would be included in that percentage.

        This makes the headline very misleading, since it implies that 60% of retirees are experiencing a negative impact upon their finances.

        Instead, I’d like to see the percentage of retirees who think they are experiencing a negative impact upon their finances. That number would be more useful in determining what to do about the situation.

        • njm1314@lemmy.world
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          6 months ago

          I don’t see what that has to do with anything in either of our comments.

          I’m also still not seeing why you immediately assume negative connotations.

          • BlameThePeacock@lemmy.ca
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            6 months ago

            I immediately assume negative connotations because the first sentence states “Negative Impact”

            I don’t know what part of that logic is confusing to you.

  • Reddfugee42@lemmy.world
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    6 months ago

    And they are minimally obligated to do so considering they’ve hoarded such a gigantic portion of the economy