Millennials Foot the Bill as Boomers Enter Retirement Crunch

Millennials are increasingly helping fund their aging parents as many Baby Boomers are under‑saved for retirement. With only about 40% of Boomers on track to afford their lifestyles and retirement planning shifting from pensions to 401(k)s, adult children face tough trade‑offs between their own savings and supporting parents, including caregiving costs. Families are urged to discuss budgets, delay Social Security, downsize, or use Medicaid pathways, but the intergenerational impact on wealth could shape the finances of the next generation.