Genervacation: why the ‘bank of mum and dad’ now offers travel

The Bank of Mum and Dad in Australia is now extending to vacations, introducing Genervacation!

 Experts within the tourism industry predicted a surge in the number of parents taking their children, who were well into their twenties, away with them on holiday. These baby boomer parents said they felt a pang of guilt because they had the cash to spend, while their adult children were overwhelmed with debt, struggling to find work, and finding it impossible to save for a deposit.

Credit: Jamie Doward

Source: https://www.theguardian.com/

Tim K. Dean, Credi Founder | Commentator & Expert on Family Lending, Bank of Mum & Dad and Neo-Credit Scores is available for media interviews and appearances. More…

Share on facebook
Share on google
Share on twitter
Share on linkedin

Credi Pty Ltd is a Financial Technology business, not a marketplace lender. Our mission is to change the way we lend money. We want to empower people to help each other and take control of their financial relationships without creating friction and stress.

Credi is the World’s #1 loan management platform for private lenders.

  • Formalise your loan agreements online
  • eSignature functionality means no paperwork needed
  • Trusted by over 5,000 people worldwide
  • Takes minutes to setup
  • Track repayments online or through the Credi mobile track app
  • Option to secure your loan with borrower assets (PPSR registration, for Australian users only)

Better Loan Documentation
& Management

Sign up and become one of the thousands of people and business around the world using Credi to protect them selves with robust loan documentation and management today.

Better Loan Documentation
& Management

Sign up and become one of the thousands of people and business around the world using Credi to protect them selves with robust loan documentation and management today.