Not everyone wins from the bank of mum and dad
- Written by Rachel Ong, Deputy Director, Bankwest Curtin Economics Centre, Curtin University
Parents are recycling large amounts of housing wealth to the next generation through intergenerational transfers.Image sources from www.shutterstock.comThe “bank of mum and dad” is helping young Australians with more than just their housing aspirations. New analysis of data on children receiving an inheritance or cash payment from...