Problems in the current economic climate are leaving adults who want to help their parents in retirement unable to do so, it has been found. Research by Norwich Union has revealed that nearly three-quarters of those questioned worry that their parents will struggle, while 68 per cent would like to contribute but are unable to do so. In addition, 21 per cent are worried that they will also have to support children as well.
This so-called sandwich generation were shown to be facing difficulties such as paying off secured loans, with 27 per cent citing mortgages as their biggest financial concern.
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