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The New American Family: The MetLife Study of Family Structure and Financial Well-Being

September 25, 2012

The New American Family: The MetLife Study of Family Structure and Financial Well-Being
Source: MetLife

Key Findings

  • Retirement security remains a major concern for a large percentage of Americans across all family types, particularly concerns about being able to maintain a “reasonable” standard of living for the rest of their lives.
  • The presence of children is both a financial burden (half of those with adult children have provided them some financial assistance) and a potential source of support (one-fourth of respondents expect children to help retired parents in need).
  • More couples than non-couples have taken action to lower their debt, have met with a financial advisor, and have invested for their retirement.
  • More single women believe it’s harder for them to save for retirement than respondents who are married or have a blended family.
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Categories: business and economics, children and families, marriage and divorce, MetLife Mature Market Institute, retirement, social and cultural issues
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