One in ten over-70s still pay to support their children

Nearly one in ten over-70s are still paying to support their children, the Equality and Human Rights Commission (EHRC) said yesterday. Hundreds of thousands of elderly people are bearing the financial burden of a family despite having had to retire in their sixties. The findings reflect the rising ‘boomerang generation’ of twentysomethings returning to the family home to rely on their parents after leaving university, as well as the increasing age at which many couples are having children. On top of this, a quarter of grandparents are paying towards the upbringing of their children’s children, other figures have shown.