Survey shows parents financially supporting children well into their 20s (opens original article in a new tab)

A UK survey reveals parents are financially supporting their children well into their 20s and sometimes 30s, with many making significant lifestyle adjustments and delaying retirement to maintain this support.

• A UK survey shows parents expect to financially support their children until age 26 on average
• Nearly 20% of parents plan to continue support into their children's 30s
• 64% of parents have adjusted their lifestyles and 14% consider delaying retirement to maintain support
• 7% of families plan to move to larger homes for adult children
• Experts warn this trend risks parents' retirement savings and may delay younger generations' pension contributions