Is the bank of mum and dad still a thing?
Summary
Newstalk Breakfast discusses Royal London Ireland research revealing that one in seven Irish adults relies on family financial support, a figure rising to nearly one in four for those aged 35 to 44. Guest Mark Reiley explains that this intergenerational aid is increasingly used for essential living costs like groceries and utilities rather than luxuries, driven by soaring house prices and energy bills. The segment highlights how family support has become an unofficial safety net, with Dublin residents most likely to depend on it, while listeners share personal struggles with maintaining fin…
Topics discussed
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Intro: New research on family financial support
Key findings: One in seven adults receive family aid
Listener feedback: Cost of living and savings
Housing crisis: Rising prices and deposits
Regional breakdown: Dublin vs Connacht
Analysis: Shift from deposits to daily essentials
Discussion: Inheritance tax vs genuine need
Retirees' disposable income and wealth transfer
Conclusion: The pinch point for 35-44 year olds
Outro: News Talk Breakfast sign-off
Sponsor: BKF Sea cruise reservation
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