Boomerang Kids Are Ruining Their Parents' Retirement

03/13/2015 11:47 am ET | Updated Mar 13, 2015
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Having your adult children living in your basement is worse than you think. Boomerang kids can actually hurt your chances of a sound retirement.

Those 65 years or older with financially independent children are more than twice as likely to be retired than people of the same age group who financially support their adult children, according to a new report that retirement market research firm Hearts & Wallets shared with

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