ZOOMER PARENTS BURDENED BY GROWN UNEMPLOYED KIDS

May 07, 2013

By AM740 Staff

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Many baby boomer parents are paying the price of the 14.2 per cent youth unemployment rate.

New research from T-D Canada Trust  suggests zoomers are having to step in and help their grown, unemployed children  with everything from free room and board to paying off their credit cards  and helping them buy a car or a computer.

The report, based on a survey by Environics Research found that 19 per cent of boomers  said they would consider putting their own financial security in jeopardy to help out their adult children.

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