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If you’re a bit tight for cash, it might be better to take out a secured loan instead of asking for a hand-out from your parents.

That’s because new research from Liverpool Victoria has found that UK parents spend a whopping £233 billion supporting their grown-up children. And that’s a lot of money.

The survey also revealed 2.3 million grandparents are contributing money to two generations - their kids and their grandchildren. With the current economic climate being as it is, nobody needs to be doing that.

So give the old folks a break and have a look into taking out a loan instead.