Parents 'give adult children £21,540'
Updated on 05 September 2008
More than half of parents are continuing to help their adult children meet day-to-day living costs, a survey shows.
About 55% of people said they still contribute to their child's living expenses, with parents also shelling out an average of £21,540 in one-off contributions towards weddings, cars and buying a house.
Paying their child's university fees are the single biggest cost paid by parents, with this adding up to an average of £6,735 for a three-year degree course, according to investment provider LV=.
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