Property News · September 11, 2011

Parents pay £34bn to support adult children


In past year 13 million parents paid out in loans and gifts to help cash-strapped adult dependants, study findsWhile some people are struggling to administer their elderly parents’ financial affairs, spare a thought for older parents who are having to support cash-strapped adult children.More than 13 million parents paid out £34bn in loans and gifts in the past year to help support their financially embarrassed offspring, at an average £2,480 a year, according to research for Sainsbury’s Finance. Continue reading…

Source : theguardian.com
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