Noted: Most retirement studies also don?t take the impact of children into account when projecting retirement preparedness. According to University of Wisconsin-Madison economics professor John Karl Scholz, spending by couples with kids typically declines after kids leave home, allowing them to catch up on savings. So if you take a snapshot of their finances while kids are still at home and extrapolate from there, you get a a distorted picture of future readiness.
Office of Strategic Communication