Posted: 30 September, 2016
A Stack of Aussie Adults Still Getting Handouts From Mum & Dad
There's calls for Aussie parents to 'cut off' their adult kids as new research reveals almost three quarters are giving their children financial assistance.
Comparison website finder.com.au surveyed 2,000 people, 74 per cent of parents said they help out their children over 18 with things like bills, uni fees, even home loan repayments.
28 per cent said they felt pretty embarrassed about the handouts.
Social researchers believe young Aussie shouldn't feel guilty about accepting the help from baby boomers though, because they represent 25 per cent of the population, but own half of the nation's wealth.