New study reveals that sons cost parents tens of thousands more than daughters

Must See 15/10/2019

Turns out your sons are going to cost a lot more than your daughters in the long run!

A new study conducted by pensions firm Portafina found that sons can cost around $40,000 more than daughters as they, on average, stay at home for around four years longer than daughters.

A study of 1,000 parents found that sons tend to stay at the family home until they are 26, when they finally rent their own place or get a foot on the property ladder. 

Daughters fly the nest at the average age of 22. The research found that the average adult child living at home costs parents around $800-$1000 a month in food, drink, bills and handouts.

Some parents admitted that they even dipped into their pension pot or worked extra hours to help pay for bills racked up by their adult kids.

A spokeperson for the firm who did the study said it was harder for youngsters to leave home because of high property prices, given that many were saving for a deposit.

The study also found that 20 per cent of parents refused to take any money from their children to help pay the bills.