Article preview: A recurring financial theme of the past decade has been the so-called ‘sandwich generation’. Retirees today often find themselves sandwiched between financial commitments to adult children and time obligations for elderly parents. Some new research has identified the scale of this parental financial support, with more than a third of 18-44-year-olds claiming they get financial aid from their parents. Nearly a quarter of adult children reported not being able to afford their current lifestyle costs if it wasn’t for the financial support received from their parents.
Young adults need financial support from parents
This 587-word blog post considers the scale and reasons behind the financial contributions made by parents to their adult children. Written on 18th June 2019.
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