New Ameriprise Research: Parents Balance Retirement and Supporting Adult Children Financially

Core Insights - A significant majority of parents, 65%, believe they will have sufficient funds for a comfortable retirement [1] - However, 36% of parents express concern that financially supporting adult children may hinder their retirement plans [1] - Nearly all parents (96%) who engage with a financial advisor feel confident about achieving their top three financial goals [1] - Approximately 78% of parents report that their financial advisor has been helpful in this regard [1]