This study evaluates the impact of social security eligibility on transfers between adult children and elderly parents and the resulting impact on wealth-building among adult children. The relationship between these factors is explored across different racial and socioeconomic groups. This study seeks to measure the impact of these transfers once elderly parents have met the threshold age of social security eligibility. By reducing the reliance of parents on their adult children, Social Security may contribute to wealth-building among the adult children generation. This study uses data from the Panel Study of Income Dynamics to analyze the impacts of these transfers.
JSIT19-05: The Impact of Social Security Eligibility on Transfers to Elderly Parents and Wealth-building among Adult Children
- Andria Smythe, PhD
JSIT19-05: The Impact of Social Security Eligibility on Transfers to Elderly Parents and Savings among Adult Children