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Willy Weasel

Debt Burden Of Retirees Growing

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http://news.bbc.co.uk/1/hi/business/8224201.stm

It looks like the bank of mum and dad won't be open for business much longer.

The crash continues...

I can only speak for myself and friends etc. but generally our parents all live in decent housing with no mortgages, plenty of savings and decent pensions. The wealthier among them have been gifting money to their children for the past few years, up to the maximum allowed tax free.

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