Parents who strive to be ‘perfect’ for their kids can risk their own retirement security, report finds

Quick Summary:

72% of parents report experiencing guilt while 35% put pressure on themselves to be the 'perfect' parent.

Saving for college can be often mean a tradeoff with setting aside money for the parents' own retirement for many families.

It makes sense for many families to take a step back and ensure that they are clear on their financial priorities, says Deana Healy, vice president of financial planning and advice at Ameriprise.

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Article Details

Author / Journalist: Alicia Adamczyk

Category: EconomyBusiness

Markets: United States

Topics: Wealth Investing Retirement Budget Student loans and debt

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 14:58:18 (6 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 588 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 147 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27774473

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Official Website: fortune.com

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Year Established: 1929

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