23% of British baby boomers financially support adult kids

According to an article in the Telegraph:

One in four – 23 per cent – give regular financial help to their grown-up children and seven per cent have adult offspring living with them who don’t contribute financially to the household.

As we discuss in our book, it’s inappropriate — potentially even damaging — for adults to live at home without making some sort of financial contribution to the household. Even if they can’t pay market rent, it’s important for your adult children’s self esteem to feel they are contributing, and it’s important for you to have help with the additional expenses (electricity, gas, phone) you incur because of the extra person living in your home. You can read some of our tips here.