Personal Finance News

01/11/12 - Money advice in increasing demand, says study
31/10/12 - Payment barriers exist for disabled and older people, says study
31/10/12 - Gender differences apparent when financial planning
31/10/12 - Half of Brits shop with a basic credit card, says study
30/10/12 - Number of Brits sitting on forgotten direct debits - 2.68 million

News archive

This Week's Personal Finance News Update

01/11/12 - Money advice in increasing demand, says study
31/10/12 - Payment barriers exist for disabled and older people, says study
31/10/12 - Gender differences apparent when financial planning
31/10/12 - Half of Brits shop with a basic credit card, says study
30/10/12 - Number of Brits sitting on forgotten direct debits - 2.68 million
30/10/12 - More than half of parents are unaware of Junior ISAs
30/10/12 - Over 80% of advisers name 'cost & administration' as top employer concern
30/10/12 - Brits left with £1.4bn repair bill during 'mischief week'
29/10/12 - East of England landlords at apex of yield chart
29/10/12 - Buyers more optimistic about Scottish property market

News

09/08/2012 16:06:27

Adult children making savings by holidaying with parents

New research has revealed that millions of parents are taking their adult children on holiday with them, some of whom are as old as 40.

LV= found that two thirds of these will be subsidising the whole trip for their offspring, costing them £380 on average.

When asked why they are letting their children holiday with them, 42 per cent said it was a treat and 37 per cent explained that they want the family to be together. A quarter said that if they didn't pay for it, their children wouldn't get to have a holiday at all.

However, despite not contributing towards the costs, 88 per cent of children will have a hand in choosing the destination.

"Young adults, and even some middle-aged ones, are trying to save money where they can and holidaying with the parents is becoming a growing trend," commented Selwyn Fernandes, managing director of LV= travel insurance.

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