The Peter Pan Generation in danger of reaching 40 and still relying on “pocket money” from their parents.

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Kids approaching their 30s are still dependent on their parents for financial support – and even the ironing, a report warns out today!

The apparent ease with which young people once seemed to land well-paid jobs and get on the housing ladder meant that those who are now in their 20s grew up with a sense of “entitlement” which has left them now ill equipped to cope in harsher conditions, it suggests.

A survey of attitudes for the Co-operative Group found that more than eight out of 10 people aged 18 to 30 say they rely on their parents not only for financial support but also for help with tasks such as cleaning and ironing or even for lifts in the family car !

Two thirds said they are constantly in debt and three quarters of them said they accept debt – from student loans, credit cards and overdrafts – as a fact of life.

What are your experiences?

Read the ful article here


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