The hotel & bank of mum and dad

A new report by the Market Harborough Building Society has shown how expensive children returning to the family home, and those who refuse to leave, can be. The report surveyed 477 parents of children aged between 23 and 40 who are still living at home and concluded that the additional cost is £3,500 a year, per child. Extra bills The bill for looking after these so called ‘boomerang children’ who have left home, often to university, and then returned not only includes the general cost of living but also loans, which may never be repaid. When children continue to live at home the survey ...