Paper: Insuring Labor Income Shocks: The Role of the Dynasty - https://www.nber.org/papers/w34253 | https://doi.org/10.3386/w34253

I’ve seen many people put their own retirement at risk by giving their children too much help for too long. They meant well, but put themselves in a very vulnerable position. Due to their children not learning how to take care of themselves, they are in no position to return the favor and help their parents in retirement.