THE EFFECT OF CAREGIVING ON ADULT CHILDREN’S SAVING: A MULTILEVEL, CROSS-NATIONAL ANALYSIS OF 11 EUROPEAN COUNTRIES
2024
The Effect of Caregiving on Adult Children's Saving
Sample size: 3555
publication
Author Information
Author(s): Wang Mengya
Primary Institution: Iowa State University
Hypothesis
How does caregiving impact individuals’ retirement planning?
Conclusion
Caregiving does not negatively affect savings, and female caregivers do not face more financial challenges than males.
Supporting Evidence
- Caregiving is not negatively correlated with savings.
- Female caregivers do not face more financial challenges than male caregivers.
- Sons providing care have greater savings when they have at least one sister.
- Daughters engaged in caregiving tend to have fewer savings if they have at least one brother.
- Long-term caregivers in defamilialism regimes experience significant savings changes.
- Short-term caregivers in unsupported familialism regimes undergo more changes.
Takeaway
This study found that taking care of family members doesn't hurt how much money people save for retirement, and women who care for others aren't worse off financially than men.
Methodology
Multi-level analysis of data from the Survey of Health and Retirement in Europe.
Participant Demographics
Individuals from 12 European countries.
Digital Object Identifier (DOI)
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