Newspaper article The Morning Bulletin (Rockhampton, Australia)

Grandparents Are Open to Having a Spare Bed Ready

Newspaper article The Morning Bulletin (Rockhampton, Australia)

Grandparents Are Open to Having a Spare Bed Ready

Article excerpt

KIPPERS (Kids in Parents' Pockets Eroding Retirement Savings) is one of those dirty words for grown-ups who won't leave home, much to their parents' financial detriment.

And when those Kippers finally strike out on their own and find keeping house all too costly, they have a tendency to return home and snuggle back under the parental wing.

Most young people don't burden their parents by choice; it's just that they can't afford the luxury of independence. Rents and house prices Co despite the downturn Co are still prohibitively high, and many have a HECS debt to service as well.

But moving back in with the parents tends to restrict everyone's freedom, creating ongoing domestic conflict and endless arguments about money.

Moving in with granny or grandad, however, can be a surprisingly workable solution. Grandparents tend to be more tolerant, perhaps because they're at a two-generational remove from the grandkids; so there's often less friction between them than between young adults and their parents.

Also, seniors often don't have the financial constraints of parents who are still paying mortgages and raising younger kids. And if they're living alone, they can please themselves and may be glad of the company.

It's an arrangement that offers many practical benefits. It's cheaper to maintain one household than two, and having someone to help with bills and maintenance means older people can stay in their own home; and frailer seniors will have a greater sense of security with a family member around.

At the same time, younger people can make crucial savings while they're struggling to find a job, to establish a career, or to pay for their first car. Above all, both parties will feel less isolated knowing there's someone in the house who loves them and will support them, because they're family.

Marcia Brown's parental nest has been empty for many years, but a second generation nestling is about to come home to roost. Marcia's 21-year-old granddaughter, Danielle, is moving in with her, rather than back to the home which she shared with her parents and four brothers and sisters. Marcia is thrilled and says they'll both really benefit from the move.

C[pounds sterling]I can't wait. We'll be company for each other, because there's love there, absolute love,C[yen] Marcia said. C[pounds sterling]I want to help Danielle as much as I can, so I won't charge her board. I'll supply the food. She'll just pay for whatever power she uses Co any increase in my normal electricity, gas and water bills.C[yen]

Marcia works in the community on a voluntary basis and rarely has an idle moment, but she's happy to do most of the cooking and housework when her granddaughter moves in.

C[pounds sterling]I'm going to cook for her, and I'm going to adore it,C[yen] she said. …

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