Article: Kippers Or Red Herrings?
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Kippers Or Red Herrings?
Recent news has made much of parents stretching their finances to cover costs for their twenty and thirty something children. Debts and high property prices have forced many offspring to return home, tail between legs, under the attractive new marketing term of ?kippers?: kids in parents? pockets eroding retirement savings.
Many graduates have developed significant debts from university and have accumulated further debt in the competitive graduate market. Student life provides an incubated protection from the reality of financial concerns and fresher fairs become increasingly populated by banks, mobile phone companies and other brands wishing to tap into the students? borrowed finances.
It is true that many young people have got themselves into very uncomfor...
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