The Prudential has dubbed those who refuse to leave home as"kippers" or "kids in parents' pockets eroding retirementsavings". Recent research concludes 6.8m over-18s live withtheir parents. Less than half pay rent, and many parentsprovide cash to spend.
Does this scenario sound familiar?
'As a parent you've spent over 20 years diligently caringfor and raising your children. Financially supporting themand ensuring they receive the best education possible.They've attended University, graduated with a respectabledegree and are ready to set up their own home. You're nowlooking forward to more free time withless financial obligations. BUT, due to no fault of yours,your well educated, talented, highly motivated offspringcannot afford to leave home for possibly another 5, 10 oreven 15 years.'
This is a reality for many parents right now! A recentsurvey for BBC2's Money Programme(http://news.bbc.co.uk/1/hi/business/4075536.stm) found thathigh property prices and debts often prevent offspringleaving home well into their twenties and thirties. Furtherresearch, by independent market analyst Datamonitor, foundthat 67% of 18-24 year olds across Europe still relied ontheir parents for housing in 2004. In fact, one in sevenparents with adult children have remortgaged or taken out aloan in an attempt to help them.Couple this with an ageing population, widespread concernsabout retirement pensions and the long gone days of a 'jobfor life', it's undeniable that without taking positiveaction many parents and their children face uncertainfinancial futures.
However, these challenges create many new opportunities forparents to help their children find a path to financialsecurity, personal growth and prosperity.Tiscali Plc, a leading European Telecommunications companyis doing exactly that through Tiscali Network(http://www.tiscali-corp.co.uk). Tiscali provideaggressively priced ultra highquality telephone, broadbandand mobile phone services. Tiscali Network providesthousands of people the opportunityto market and sell these products with the very minimum ofinvestment. Through collecting a few customers and buildinga network of people to do the same these students,graduates, professionals, parents from all walks of lifegenerate substantial part-time, full-time incomes andbuilding solid residual income streams to support them inthe future. In many cases, Tiscali Network provides incomeswell in excess of those obtainable in traditionalemployment and more importantly incomes available tostudents or new graduates.
Tiscali stake a major part of their future with TiscaliNetwork (http://www.tiscali-corp.co.uk) which generates over12% of their UK revenue grown from zero in just two years. Providing one of industries cheapest customer acquisitioncosts only addsto the longevity of this route to market. Coupled with arecent doubling in Tiscalis' brand awareness and the factthey pick up close to six in ten new UK broadbandconnections; anyone involved in Tiscali Network(http://www.tiscali-corp.co.uk) holds confidence in theirfinancial future.
Emerging opportunities like this are driven by our changingeconomic, social, demographic and technological environment.Embracing these changes, educating ourselves and ourchildren and being prepared to explore new opportunities mayultimately be the only way to secure their future.
Taking action and investigating opportunities such asTiscali Network (http://www.tiscali-corp.co.uk) was once atask for the few. Now more than ever, it is becoming anecessity and formany parents, perhaps even a responsibility.
6.8m over-18s live with their parents. Take action to stopyour retirement fund eroding. Click here =>http://www.tiscali-corp.co.uk
** Attn Ezine editors / Site Owners ** Feel free to reprint this article in its entiretyin your ezine or on your site so long as you leaveall links in place, do not modify the content and include our resource box as above.
Henry Baker is a young entrepreneur, sales andmarketing professional. Owner of several successful e-businesses Henry's writing comes direct from a passion formarketing, technology and understanding of finance.
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