08/23/2014 07:52 am ET

Parents' Plans For Retirement Are Crimped By Kids' College Debt

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With higher-education costs rising, 58% of parents in a recent survey are worried that their ability to retire when they want to is in jeopardy because of their child’s student debt.

Some 61% of parents said that investing in their children’s education will negatively affect parents’ financial stability.

Those findings were published Thursday as part of a recent survey commissioned by Citizens Financial Group, a banking company in Providence, R.I. The survey was done by TNS Global and covered 5,000 people, including parents whose children are ages 15 to 24 and, separately, people ages 18 to 34.

Read more on The Wall Street Journal