Many GenXers in the US are so underprepared for their looming retirement they are relying on support from their adult children. according to a news report. The generation between boomers and Millennials, born between 1965 and 1980, they’ve even acquired a nickname: the Silver Squatters. One survey found nearly one in four 55-year-olds expecting they will need financial help from family when they stop working. But while they may have acted as the bank of mum and dad for years, a huge number – almost half of those questioned – haven’t broached the subject with their kids yet.
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