Quick Definition

KIPPERS refers to a situation where adult children live at home and depend financially on their parents, potentially impacting the parents' ability to save for retirement.

Examples

• 1An adult child living at home after college due to inability to find a job, relying on parents for housing and daily expenses.
• 2Parents delaying retirement plans to support their 30-year-old child who has returned home after a career setback.
• 3A couple unable to downsize their home because their adult children and grandchildren need financial support and housing.

Tags