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The Independent UK
The Independent UK
Vicky Shaw

‘Bank of mum and dad’ staying open longer as parents sacrifice retirement plans to support children

Parents across the UK are increasingly expecting to provide financial support for their children well into their mid-twenties, with a new survey revealing the average age for anticipated independence is 26.

This extended reliance is even prompting some families to consider moving to larger homes, with one in 14 (7%) parents planning to upsize specifically so their adult children can continue living with them.

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