Bank of mum and dad busier than ever in cost-of-living crunch

by Pelican Press
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Bank of mum and dad busier than ever in cost-of-living crunch

Three-quarters of over 50s are financially supporting their kids in some way even after the children have moved out of home, research has found.

A survey of more than 1200 Australian parents over the age of 50, commissioned by Australian Seniors, lays bare the financial burdens being felt on the back-end of this period of high inflation and the ongoing housing crisis.



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