IFS Zooms In: The Economy cover image

Family values: inheritance, inequality and social mobility

IFS Zooms In: The Economy

CHAPTER

Gen X: The New 'Bank of Mom and Dad'

This chapter explores the financial support dynamics where Gen X is increasingly responsible for both their children and aging parents. It addresses the implications of rising living costs and educational expenses on retirement planning and highlights personal anecdotes about educational paths for young adults.

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