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




12 Things To Do this weekend

Yulgilbar Castle will open to the public on Sunday.

Check out what's happening across the Clarence Valley

STYLEwise: The age-old art of manliness

Nathan Thompson in front of the Prince Street Barbers setup.

Barber shops were influential in helping shape male identity

Time to nominate for poll

Want to contest the elections for NSW councils? You can this Monday

Latest deals and offers

Talking whiskey with Jack Daniel’s master distiller

It all comes down to the distillery

SIXTY MILES AHEAD sign with Eclipse Records, prepare new album 'Insanity'

Sixty Miles Ahead sign with Eclipse. Photo Contributed

Sixty Miles Ahead to release new album on Eclipse

Thy Art Is Murder are killing it

See Thy Art is Murder on their killer tour happening right now. Photo Contributed

We talk with Thy Art is Murder about touring, babies, and new music

Date announced for Prince tribute concert

A Prince tribute concert will take place later this year

Matt Damon is taking a break from acting

Matt Damon is taking a break to spend time with his family

Is Brian Harrigan the next mayor of Clarence Shire?

CIVIC DISORDER: Clarence Valley mayor Richie Williamson is not quite sure what to make of Brian Harrigan, who claims to be the new mayor in town and is spruiking his ideas for Australia Day.

A new leader is rising out of the woodwork

Queensland's $1 town goes under the hammer today

The township of Yelarbon is up for sale.

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

Massive residential 9-storey high-rise hit by delays

An artist’s impression of the eight-storey-high apartment complex that Bernoth Holdings wants to build in South Toowoomba, next to the City Golf Club.

Developer struggles to get approved high-rise development started