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Do Parents Live It Up When Children Fly the Coop?

By Anthony Webb and Norma B. Coe

Abstract

With the virtual disappearance of traditional pensions, declining Social Security replacement rates, and longer life spans, the retirement landscape is shifting dramatically. Today, responsibility for a comfortable retirement rests mostly on the individual. This change has led to widespread concern about the adequacy of household's retirement savings.

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  1. (1998). About the Center The Center for Retirement Research at Boston College was established in
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