Survey: Obligations Keep Boomers From Retirement
National Underwriter (Life and Health Financial Services Edition) (12/04/01) p.A1; Higgins, Barry

In addition to unprecedented levels of debt, baby boomers who already feel committed to financial obligations to both children and aging parents can look forward to more of the same in retirement, according to a recently released survey from Allstate. Allstate Financials "Retirement Reality Check," created in conjunction with Harris Interactive, noted that more than one in three baby boomers will be financially responsible for children or parents during retirement. Tom Wilson, president of Allstate Financial, said: "Our research paints a very serious picture as far as the many obligations tomorrow's retirees will face."


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