- 25% of adults under 34 years old live with their parents
- Adult children living at home cost an extra £1,780 per year in household expenses
- Should parents start to factor adult children living at home into their later life financial planning?
- The Bank of Mum & Dad suggests that the flow of money in families is only one way. This article from The Independent shines a light on a more dynamic relationship between family members and cash. It’s a really interesting read.
What we take from the article, apart from the human interest angle, is the relevance of financial planing at any stage of life. Financial planning is far less about how much money you have got, and more about making the correct choices between what you need to enjoy today and what can be placed elsewhere for tomorrow. That’s a relevant conversation whether you are 25 years old or 65 years old.
Fryer Glass provides a free first meeting with no obligation to take things further. We believe everyone deserves access to sound financial planning, so do contact us. Call Mark Fryer at Fryer Glass on 01276 301103 or email [email protected]