PARENTS spend £1,600 pampering adult children who return home to live.
Mums and dads fork out for food and bills during the average ten-month stay.
Some 44 per cent have to cut back on holidays and luxuries as a result, a poll says.
One in four millennials — 4.5million — returns to their parents’ to save cash as the cost of living rises.
Almost half pay no rent. The average is just £212 a month.
Sixty per cent of parents cook meals for their adult kids and do their washing, while a third take them a morning cuppa and make their bed. More than half do their laundry, the poll adds.
Many parents also update the home for an adult child’s return, often re-decorating their room and upgrading the WiFi.
MoneySuperMarket quizzed 500 parents and 500 returning children.
Expert Emma Craig said: “With kids at home for longer, it’s natural parents are feeling the pinch.
“While our report shows they’re clearly happy to help out financially, it’s important to work out what those extra costs are upfront in order to ensure harmony at home.”
Help to buy ‘flop’
THE Help to Buy housing programme has done little for most private renters, a report claims.
Research by Shelter suggested only 4,100 households, or 0.2 per cent of lower-income private renters, used it in England last year.
Polly Neate, Shelter’s chief exec, said: “Help to Buy is a major failure.
“It boosts the bank balances of big developers but has nothing to offer the average renter.”