Flying the Coop, Nesting the Wallet

Contrary to popular belief, the parental fiscal ties between parents and their children does not end for sometime after they become of-age as an adult.

A new study suggests that on average more than 10 million adult children have taken £12,300 from parents in financially tough situations. 29% of adult children look to borrow money from their parents. 14% are joined to their parents' savings accounting, giving them access to funding.

Leaving 45% of parents that won't be able to make up for the loss of money that they have lent to their children, while 13% have to cut back on their daily allowances to make ends meet.

Myvesta UK