27 ‘is typical age parents expect children to reach financial independence’

The ability to save regularly, manage debt, and own a home by 30 are among parents’ key hopes for their children, research for Yorkshire Building Society indicates (Alamy/PA) -

Twenty-seven is the age at which children are typically expected by parents to have stopped relying on them financially, a survey indicates.

Yorkshire Building Society commissioned a survey of 2,000 parents of children aged five to 17 years old, and found that around 27 and a half is the average age at which parents think their children will have stopped relying on them for money.