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The Independent UK

Business

Vicky Shaw

SHOCKING: Key things parents should consider before giving financial help to their adult children - What They Never Told You

Sarah Coles Aldermore Hargreaves Lansdown

One in five (19%) parents with adult children are giving them money in order to help them save, new research reveals, as household bills continue to squeeze budgets.

A third (33%) of these parents are siphoning off money from their own long-term savings pots to provide for their adult children, according to Aldermore bank.

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