Parents,Supporting,Children,fo family Parents Supporting Children for Longer
Raising a family can be challenging and stressful at times. However, the common goals and emotional, financial, and physical investments made can be a common bond between husband and wife. One that compliments their marriage relationship.Of A lot of women avoid wearing nice clothes when they getpregnant because they believe that they look fat or ugly. You know that theresnothing more beautiful than a pregnant woman glowing and smiling, so youshouldnt hide your body during p
An increasing number of parents are supportingtheir children financially into and throughout their adulthood. Thereare a number of factors and changes in society that are contributing reasonsfor this. For many parents this starts off when their children go touniversity, something that more and more young people are doing. Until nowparents have had to pay for tuition fees although this will be changing. Thereare also the living costs of those at university, with many parents paying forat least a proportion of this. On average, young people are living with their parents for longer.Parents are effectively paying higher bills and spending more on food than iftheir children did not live with them. There are a number of reasons for thistrend. It is becoming more difficult for young people to buy a home and someare choosing to live with their parents in an attempt to save for a deposit asthey are fearful that they will never be able to afford a home if they move outand have to rent elsewhere. People are also getting married later. The averageage of first marriage for women has increased from 23 to 30 since 1981, whilethe average for men has increased from aged 25 to 32. Although the majority donot live with their parents until they get married, if people were marrying atage 20, for example, they would not live with their parents at that age.Increased unemployment over the last few years among those under twenty-fivehas had a major influence on the numbers remaining at the family home, withmany not being able to afford to move out. Although many pay their parents somerent, for most this is not as high as it would be were they living elsewhere.It tends to be more to cover parents costs rather than for them to make aprofit as is the case with landlords. It is not just the case that young people are not moving outof their parents home until they are older but some have returned to live withthem at a later stage. Those being made redundant and losing their jobs havesometimes moved back home for the short-term, and in some cases this has becomemore long-term than intended due to difficultly finding work. Living costs are increasing at a higher rate than wages andthis inevitably means people have less money in their pocket. Parents who arein a more financially stable position than their children are often happy tohelp financially where possible. With the increased home deposits now required, more parentswho are able to do so are helping their children to buy their first home. Thisis a big cost and something many are unable to afford on their own. Instances where two parents have to work are increasing dueto increasing living costs and many unable to support two adults plus childrenon one salary. This means those with young children have to find somebody elseto look after their children while they are at work. With childcare expensive(and also increasing) more parents are helping with this, particularly if theyare retired. They are looking after their grandchildren while their childrenare at work. This is not helping them financially by giving them funds, butrather by helping their children keep down their costs. The extent to which parents are having to assist theirchildren financially is a worrying trend that may concern young parentsbelieving this will be the same for them further down the line. Parents ofyoung children, though, can avoid the likelihood of having to support theirchildren financially when they are adults. Beginning to save or invest on theirbehalf is a good way of doing this. The new child ISA, namedthe Junior ISA, is a good option whereby parents can invest up to £3,600 a yearfor their children. The advantage is that interest and capital gains are nottaxed. Andrew Marshall ©
Parents,Supporting,Children,fo