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According to a 2005 Pew Research Center survey, 50% of all boomers were raising one or more young children and/or providing primary financial support to one or more adult children. Another 17% whose only children are ages 18 and older were providing some financial assistance to at least one such child, In addition, two-in-ten boomers were providing some financial assistance to a parent. (p.2)
Pew Research Center. (2005). Baby boomers approach 60: From the age of Aquarius to the age of responsibility. Washington, DC: Pew Research Center. Retrieved from http://pewsocialtrends.org/pubs/306/baby-boomers-from-the-age-of-aquarius-to-the-age-of-responsibility
These findings are from a telephone survey of a nationally representative, randomly-selected sample of 3,014 adults, including 1,117 boomers aged 41-59, that was conducted from Oct. 5 through Nov. 6, 2005.
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