The Bank of Mum and Dad as young adults’ social insurance

MOST YOUNG people these days need a boost to get on the property ladder. In Britain more than 60% of homebuyers under 35 get financial help from their parents, according to Legal & General, a British insurer. Such assistance averaged £24,100 last year, up from £17,500 in 2016. The so-called Bank of Mum and Dad is now, in effect, the 11th-largest mortgage lender in the country. The same applies elsewhere.

When an individual falls from the median earnings bracket to the bottom 5% of earners, that amount increases by over $100. Conversely, those who move into the top 5% of earners receive $30 a month less. And parents provide more than just financial support. The researchers found that falling into the bottom income bracket increases the chance that a young person will live with their parents by 4% .

This is a hard reality.......

Nuclear family system has failed in the USA. Living together is the best way.

Please report any tweet of the Economist that wrongly promotes Biden and thus is pro CCP. The Economist is pro CCP because it has interest in China and is backed by dirty funds.

How's this work across race?

It’s sad but it is the case sometimes

Funny that!

better find another way....

90% of Social media should die if mommy and daddy stop paying for their kids phones. So that’s a positive thing.👍🏻

Os jovens confiam mais nos pais quando o AMOR fica em casa.

Great perspective- this has been a tradition in the Italian community for years

The article starts with: “New evidence” 😂😂😂

No shit

.. Groundbreaking analysis.

And in other news UH DUUURRR HUURRR HHUURRRRRRRRR 983hg98hb9q3h[dhvw998hfg3g

No shit Sherlock

Did we need a study for this?

Wow, did we do an entire STUDY to figure that one out

Economy strong economy good

What does our economy run on? Moneymakers ,tradesmen,rich are excluded, from GDP also Told you it would be bad, aside covid due to the people's being ill or treated as though incapacitated

What if they’re dead ?

So true... it hurts! 😂

Well who else are we going to rely on ? We can't rely on banks or the government

Parents response......

This is a common issue all around the world😊

The selfish generation, rely on their parents when they are down, and ignore their parents when they are up.

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