Parents 'spend £7,900 helping their child start a career'

Published: 05 Jan 2017 By Chris Price

Parents can expect to spend almost £8,000 to help their grown-up child reach the first rung of the career ladder, a report suggests.

On average, parents who had helped to kick-start their adult child's career said they had spent £7,900 per child.

This could include money they had given their child to pay for a course or training fees, equipment or accommodation while studying and smart clothing for job interviews.

The findings were made by the Centre for the Modern Family, a think-tank set up by Scottish Widows.

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