A new survey from St George Bank in Australia shows that 50% of parents are unable or unwilling to provide as much financial support to their kids than they did before the global economic crisis.
Jason Rose, a real estate agent in Australia provides some interesting analysis of this situation on his blog. He says that among the impacts are the fact that adult children will live at home longer, and adults will be much older when they buy their first homes.
You can read his blog post here.
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