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




Local Real Estate

finda logo
Featured Real Estate
Take Me Back To... $136,000
Rural 0 0
Superb Quality & Pure... $399,000
House 4 3 3
Quality Family-Sized... $329,000
House 4 2 3
Something Extraordinary... Offers Over...
House 2 2

Featured Jobs

finda logo

Clarence Valley jobs listed daily


Featured Jobs
We are seeking an... Coffs Harbour Full Time
FULL TIME WEB... Fortitude Valley Full Time 75,000 - 90,000
GENERAL MANAGER ... Gladstone Full Time $120 - $150
Admin Officer ... Grafton Part Time


Local Partners

LATEST DEALS AND OFFERS

Free Seed Packets

with token from today's paper
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Property Listings

Post an ad from $30
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

View today's ePaper!

Read the digital edition
Learn More

Horoscopes

Virgo

Sometimes a situation is not fair, and you will be irritated by the fact that you are not able to bring justice to the table. The best you can...

read more

Marketplace

Special Offers & Promotions

Compare & Save