A mum says her four grown up children still rely on the bank of mum and dad - and rising rent and mortgages make it "impossible" for them to be fully independent. Dennie Smith, 61, earns £30,000 a year as a hair salon owner and says a few hundred pounds each month goes towards helping her adult kids with their rent or mortgage payments.
She supports them with money for petrol and days out too - as well as dropping off food parcels when funds get tight. She worries about her eldest, Laurel Smith, 34, physical assistant, might have to sell her London flat if she can’t afford the mortgage repayments.
Dennie’s second eldest, Ellis Smith, 32, a kitchen designer, can afford a £900-a-month one-bed even with her daughter coming by often. Dennie, a hair salon owner, from Croydon, south London, said: “I’m helping my elder two out because they’re on their own.
