parents give 22 billion, to their adult kids

no wonder the kids are whingeing....talk about handouts, the kids are used to getting massive handouts, and its still not enuff.....

they look like they put the lobby groups to shame
you know, like the construction industry, in despair...
they need stimulous from the govt and banks....

I dont believe any other generation has been so generous, as the boomers are towards the kids....and thise kids are aged up to 40...
in my day they were called middle aged, adults...not kids
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extract only..read the full article

AUSTRALIANS give $22 billion a year to their adult children to help them get established, buy property, and tide them over tough times, a study reveals.

And they give another $1 billion a year to elderly parents.

''We've known parents give to their adult children to help them out; we just didn't know how much they gave,'' said the lead researcher, Lisel O'Dwyer, of the University of Adelaide.

The study, funded by National Seniors, examines the transfer of money and time between Australians aged 50 and over, and their children and elderly parents.

http://www.theage.com.au/lifestyle/life/generation-iou-parents-fork-out-22-billion-a-year-to-help-their-adult-children-20120725-22r11.html#ixzz21gwkygTT