Kids In Parents' Pockets Eroding Retirement Savings - KIPPERS

AAA

DEFINITION of 'Kids In Parents' Pockets Eroding Retirement Savings - KIPPERS'

A slang term referring to adult children who are out of school and in their working years, but are still living at home with their parents. These parents face the challenge of managing their own finances and planning for retirement while dealing with the added expense of providing for adult offspring.

INVESTOPEDIA EXPLAINS 'Kids In Parents' Pockets Eroding Retirement Savings - KIPPERS'

According to recent studies, most parents report that having KIPPERS is a pleasant experience - they like living with their adult children. However, it usually results in the parents saving less than they otherwise would for their retirement.

Contrast this to the situation of a married, working couple with no children at home, where discretionary income is often higher and saving for retirement is easier. This demographic group is sometimes referred to as Dual Income No Kids (DINKs).

RELATED TERMS
  1. Nest Egg

    A substantial sum of money that has been saved or invested for ...
  2. Disposable Income

    The amount of money that households have available for spending ...
  3. Boomerang

    An American slang term that refers to an adult who has moved ...
  4. Dually Employed With Kids - DEWKS

    A household in which there are children and both partners earn ...
  5. Dual Income, No Kids - DINKS

    A household in which there are two incomes and no children (either ...
  6. Discretionary Income

    The amount of an individual's income that is left for spending, ...
RELATED FAQS
  1. No results found.
Related Articles
  1. Savings

    Don't Forget The Kids: Save For Their Education And Retirement

    Retirement and education financing are the two most important planning items for taxpayers.
  2. Retirement

    Time To Rethink Your Post-Work Needs

    Don't rely on popular wisdom. Get the facts and plan for a comfortable future.
  3. Budgeting

    Why Some Kids Never Leave The Nest

    Giving your children a free ride can be costly for both of you.
  4. Budgeting

    Managing Income During Retirement

    Learn some sensible strategies for making your hard-earned savings last for as long as you need them.
  5. Savings

    Retirement Savings Tips For Young People

    Learn how to avoid the bad habits that keep the average young adult from saving.
  6. Options & Futures

    How To Teach Your Child About Investing

    Find simple and easy instructions on how to introduce your kids to the stock market.
  7. Budgeting

    Teaching Your Child To Be Financially Savvy

    If you start today, you can set your kids up for a lifetime of smart money management.
  8. Budgeting

    Handling Family Looking For A Handout: It's Elemental

    If your siblings tend to you for money, head them off tactfully by teaching their kids about finance.
  9. Budgeting

    Kids Or Cash: The Modern Marriage Dilemma

    It now costs nearly $300,000 to raise a child for 18 years. Are you sure you're up for it?
  10. Options & Futures

    Older Parents Face New Financial Challenges

    Older parents are becoming the norm, but when it comes to finances, this choice has special considerations.

You May Also Like

Hot Definitions
  1. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  2. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  3. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  4. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
  5. Investment Grade

    A rating that indicates that a municipal or corporate bond has a relatively low risk of default. Bond rating firms, such ...
  6. Fringe Benefits

    A collection of various benefits provided by an employer, which are exempt from taxation as long as certain conditions are ...
Trading Center