Kathryn Edwards (RAND) study behaviors of parents who provide financial assistance to unemployed adult children

an In The Media Reference

"Parents Who Provide Financial Assistance to Unemployed Adult Children Curb Food Consumption, Work More, and Decrease Retirement Savings" - RAND blog. 7/9/2019.

"On the individual level, most of the changes were small," Edwards said. "The problem is what this means in the aggregate. When the labor market risk of one generation is informally insured by another, the older generation may be putting their retirement security at risk, while the younger generation has insurance that depends on how willing and wealthy their parents are. This is a trademark of basic economic inequality."

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