Lifestyle

Seniors help with family and finance

OLDER Australians are babysitting their grand-children more and helping their children out financially, a survey of people 50 years and over has revealed.

The University of Adelaide survey showed younger people were 76% more likely to get financial help from their parents than older Australians.

People older than 50 with parents and adult children were also more likely to give their children money (71%) compared with their parents, while 29% gave money to both their children and parents.

Childcare and babysitting grandchildren were the most common types of practical help provided to children (33% of all practical help provided), followed by home maintenance/gardening (20%) and transport (14%).

The research also found financial transfers within families mainly came from older to younger generations.

Practical help, on the other hand, was exchanged between both the younger and older generations.

More then 600 older Australians were survey in the study for National Seniors Australia.

 

>> To read more lifestyle stories

Topics:  children, family, finances, lifestyle, parenting, seniors




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Car stolen from Grafton found in drug raid

Two men charged after seizure of ice, cannabis and ammunition

Candelight vigil to stand up for justice

Carols By Candelight

Clarence Valley second highest for domestic violence in NSW

Missing man believed to be in Clarence Valley

44-year-old last seen between Iluka and Wooli

Latest deals and offers

Men's Shed possum boxes

(back l-r) David Abrahams, Frank heppell, Warren Moss, Kevin Wtkins and (front) Darcy Knight with some of the possum boxes the Grafton Men's Shed are making for the new highway construction.

Grafton Men's Shed members have made 65 possum boxes for Eco Logical Australia to...

Schools rally behind Gonski

Staff from Grafton Public and High School, Westlawn Public School and Induna School joined community members at Grafton Public School to hear from the President of the Australian Education Union Correna Haythrope talk about Gonski.

Teachers, principals and community members met at Grafton Public School this...

How to peel a potato fast

There is a fast way to peel potatoes.

You've been doing it wrong all this time.

Perfect time to invest in Northern Rivers property

The Northern Rivers rental market is tighter than Sydney making it the perfect time for investors to get better returns out of property than superannuation or banks deposits.

Low interest rates and tight rental market are prime time to invest