Parents are shaking off the shackles and cutting off the cash stream to their Generation Y kids.
The global financial crisis is stretching baby boomer parents to the limit, according to a survey of 1000 respondents by Galaxy Research and St George bank.
The results revealed 72 percent of parents have been supporting their 18-29 year-old children, but half of them are now putting their foot down.
Mum and dad's funds have been contributing to their freeloading ‘adult’ children's top five causes:
Wedding
House
Education
Safety net
One off costs
Click here to read Emma Thelwell's blog on Gen Y costs and have your say.
