MetLife Mature Market Institute has published tips to help consumers with intergenerational financial planning. The tips were developed based on responses to a January 2012 survey conducted by MetLife in which respondents said they wanted to help provide for their family members in certain situations.
"In our study, we determined that people provide financial assistance to family members out of a combination of love and need," Sandra Timmermann, director of the MetLife Mature Market Institute, said in a statement.
Timmerman noted, for example, that parents agree they want to help their children pay for college tuition or help them financially through an emergency caused through no fault of their own. However, parents said they wouldn't pay college costs that were too high, or help pay down debt brought on by overspending.
