Informed Choice Radio Personal Finance Podcast
Business:Investing
The Bank of Mum and Dad is becoming a major casualty of the cost-of-living crisis, as parents are under growing strain to support their adult children.
That’s according to new research from law firm Irwin Mitchell, which found 6 in 10 are currently financially supporting adult children, with more than a third saying they would not be able to make ends meet without this support.
Joining me in this episode is Christine Thornley, Head of the Tax, Trusts and Estate team in the firm’s Manchester office.
I chat with Christine about why so many adult children are still financially dependent on their parents, the impact of this financial burden on our own plans, and the importance of seeking expert advice before giving money to adult children.
Here’s my conversation with Christine Thornley from Irwin Mitchell in episode 588 of Informed Choice Radio.
Self Made People Secrets, with Dr Rainer Zitelmann
Common sense approach for your money, with Harry Stout
Making complex finance subjects simple, with Tina Hay
100 things millionaires do, with Nigel Cumberland
Escaping from your financial prison camp, with The Escape Artist
Journey to financial independence, with Ken Okoroafor
This is why you need to fund your retirement
Teaching Kids to Buy Stocks, with J. J. Wenrich
How would you spend your Freedom Dividend?
No debt business startup explained, with Alan Donegan
Building a property portfolio, with Michelle Niziol
It’s not a wealth tax. It’s a wealth multiplier.
How To Make Good Decisions, with Gerd Gigerenzer
7 ways to join the latest influx of global millionaires
Guide to a Great Later Life, with Louise Ansari
Three lessons for investors following the Woodford demise
Real assets explained, with Luke Hyde-Smith
Tips for the Bank of Mum & Dad, with Mark Bogard
When is the right time to get a Financial Plan?
Closing the gender pensions gap, with Dame Helena Morrissey
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast