Wednesday, October 24, 2007

Thirtysomethings who depend on the Bank of Mum and Dad By BETH HALE

Parents are putting their own financial security on the line to support their grown-up children, researchers say.

Increases in university tuition fees and living costs, coupled with soaring house prices, mean many young adults are increasingly reliant 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.

Thirtysomethings who depend on the Bank of Mum and Dad ...

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