Third dread financing parents and children

The survey of more than 1,000 people shows six in 10 over 50s admit their pensions and savings will probably not see them through retirement, leading 51% of adult children to fear the knock-on effect on their own financial futures. A quarter of adult children feel ready to cash in their savings and investments to fund their parents’ retirement while 24% would consider taking their parents to live with them and 21% would change their own lifestyles to find extra money. A spokesman for Norwich Union says: “While adult children told us they fear supporting their own parents, an incredible ...