29th Aug '08 - Bank of Mum and Dad Runs Dry
Posted on Friday, August 29th, 2008 at 3:55pm
New research suggests it might be time to stop sponging off the bank of mum and dad.
A survey by Chelsea Building Society reveals 30 per cent of people say the credit crunch means they are no longer able to bail out family members who find themselves in financial strife.
Although 54 per cent happily provide accommodation free of charge and 51 per cent say they will take the kids while a family member goes out to work, they are no longer able to dole out handouts.
Maybe the time has come to approach an official loan provider?
A survey by Chelsea Building Society reveals 30 per cent of people say the credit crunch means they are no longer able to bail out family members who find themselves in financial strife.
Although 54 per cent happily provide accommodation free of charge and 51 per cent say they will take the kids while a family member goes out to work, they are no longer able to dole out handouts.
Maybe the time has come to approach an official loan provider?
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