Will 'asking our parents for money' to pay off a home loan lead to abusing them?

Embargoed until: Publicly released: 2024-02-21 03:00

Australia; NSW; TAS

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A couple of Australian researchers have suggested that more focus be put on the possibility that the now common need of younger Australians to ask their parents for assistance in buying a house could lead to the financial abuse of the parents. They believe that intergenerational financial assistance could facilitate attitudes and behaviours that would financially abuse the elders. The team say that we should not specifically look at the situation as an individual or family issue rooted in their relationships, but potentially as the outcome of ageist societal attitudes, and structural problems in the asset economy.