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The cost of raising an adult - Infographic

Posted on 16 Oct 2014 by Mat Gazeley

With the costs of bringing up a child spiralling in the UK, British parents could be forgiven for hoping that their offspring will be off their hands (and wallets) by the time they reach adulthood. However, our latest research reveals that children continue to cost their parents an average of £32,664 through early adulthood (between the ages of 18 and 30).

Shockingly, almost half (44 per cent) of parents admit they may have to retire later than originally planned, to help cover the costs of higher education, accommodation, travel, food, and cars.

Some adult children even get an allowance and daughters appear to get a better ride than sons.

Here are the key stats when it comes to raising an adult.

Full details about the research can be found here.

Category: Industry news
Tags: research

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