Environics Research: TD Canada Trust

TD Canada Trust: A report from TD Canada Trust suggests boomers are taking on more of the responsibility for their adult children struggling to attain financial self-sufficiency in the post-recession years of high youth unemployment and low wage gains, according to CTV. The number one way of helping out is providing free room and board, but also contributing to major purchases like cars or computers, helping pay for rent and groceries and of course, paying off credit card bills and OTTAWA -- Along with reduced pensions, low returns on their savings and high debt, Canada's boomer generation is facing an additional burden as they ease into their retirement years -- their "boomerang kids." The report, based on an online survey by Environics Research, shows a majority of boomers have stepped up to help support their adult children, and that as many as one-in-five say they would be prepared to put their own financial security at risk to help out. (www.immigrantscanada.com). As reported in the news.