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Baby boomers support parents, children

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PHILADELPHIA, Jan. 8 (UPI) -- Some U.S. baby boomers financially support both their parents and their children, a survey by the Pew Research Center found.

Twenty-nine percent of boomers with a living parent provided some financial aid to the parent in the past year, while 19 percent say they gave money to a child, New York Times reported Sunday.

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Among the baby boomers with at least one child over the age of 18, 68 percent say they provide some or all of that child's support, the survey found. Sixty-six percent of the boomer parents say paying for college is the parent's responsibility.

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