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Parents risk their financial security as pressure increases on the Bank of Mum and Dad

  • Parents expect to provide significant financial support to their grown-up children (18 years plus) over the next two years, to help with childcare, bills and university costs
  • One in three say they can’t afford to help their children but will do so anyway
  • Parents plan to cut back on spending, dip into their savings or take out new credit cards

13 August 2022

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