Allianz defined older-parent, young-child households as those with one parent over 40 and at least one child under age 5 in the house. Just 3 percent of Allianz’s respondents reported living in one of these households. More than half (54 percent) of these households said they are more financially established because they waited to have children until later in life, but only 23 percent said they waited to have children specifically for financial reasons.
Allianz’s research finds that families with older parents are the most likely to delay their retirement: 61 percent of respondents in this category said they would wait to retire until after the age of 65, and 19 percent said they didn’t expect to retire at all.
Allianz surveyed 4,500 Americans belonging to either a traditional family or one of the six types of modern family in January 2014.