Being a parent doesn’t end when your children leave home. Many of us help them out financially as they buy a house, get married and start families of their own. In fact, 36% of parents in the UK are currently helping their adult children with their finances, according to TSB research.
Almost a third say they will provide financial support for childcare over the next two years, and just under a fifth say they will cover bills and other household expenses. That works out to an average of £870 each. A few – 4% – will even contribute to paying off debts.
‘The big trend is parents feeling the responsibility
