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




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