Children turning to parents for debt management solutions
Submitted by Barclay Jones on Fri, 2008-01-04 11:23.
New findings have shown that many grown up children are turning to their parents for solutions to their debt management problems.
According to figures from Scottish Widows, about 14 per cent of children were set to use their parents’ savings to help with their debt management.
A spokesperson for the group commented: "Parents may be shocked to learn that their savings could be ’sapped’ by about £12,000 after their children leave home."