Post by Black Enterprise Magazine

A growing number of millennials may be facing a new financial reality. According to a Business Insider report, financial planners are urging families to prepare for the possibility that adult children may need to help support aging parents who don't have enough saved for retirement. The report, citing research from the Employee Benefit Research Institute (EBRI), highlights how rising healthcare costs, longer life expectancies, and inadequate retirement savings are putting increased financial pressure on families across generations. Read more: https://lnkd.in/eH_5TEkF