PenPenWrites

We are not alone. On the other side of "the pond," British parents of adult children are helping their kids out financially in roughly the same way we are and for similar reasons.
The latest Scottish Widows savings and investment report tells us that 42 percent of adult children are using the
parental largesse to pay off debt–only 22 percent did so last year; 29
percent are using the money to buy property, and that’s down from 32 percent last year. You can read more about the Scottish Widows study here [http://uk.reuters.com/articlePrint?articleId=UKHIL75771320080227]

Another British study on first time homebuyers indicates that one-in-16 of them have to take a loan from their parents to afford a property. More about that here [http://www.moneyhighstreet.com/news/18486938+Children+increasingly+need+financial+help+from+parents+to+get+mortgage/]