October 26, 2007

Thirtysomethings who depend on the Bank of Mum and Dad

An amazing 95 per cent of parents reckon they will be supporting their offspring well into adulthood, according to a report by saving specialists the Children's Mutual.

Many parents are neglecting their pensions, raiding their savings and even remortgaging to give children a helping hand.

They are also giving up holidays and other major purchases which they had planned as an indulgence once their children left home.


Read more.

No comments: