Bank of Mum and Dad: Adult children are plundering parents' savings

[Legal Beagles]

More than 50 per cent of parents are seeing their savings 'plundered' by cash-strapped children struggling to cope with student debt, the cost of living and high property prices. Offspring are becoming increasingly dependent on financial help from their parents, according to a report from the investment firm Scottish Widows

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[enaid]

Re: Bank of Mum and Dad: Adult children are plundering parents' savings

That's a joke my doesn't give it chance to get saved.

[Nattie]

Re: Bank of Mum and Dad: Adult children are plundering parents' savings

Have these journalists not heard of the Banking system unregulated and not open to everyone. It's called the "Parental Bank" where loans are non repayable and telephone banking consists of a phone call to Mama or Papa saying I need money for "books". Well the first and last letter is correct but the student union bar spelling of "beers" seemed to have changed. Some standards have definitely not changed.

[Legal Beagles]

Bank of Mum and Dad: Half of adult children are plundering parents' savings

More than 50 per cent of parents are seeing their savings 'plundered' by cash-strapped children struggling to cope with student debt, the cost of living and high property prices. Offspring are becoming increasingly dependent on financial help from their parents, according to a report from the investment firm Scottish Widows

More...