Do you still lie to your parents about money? Even in your 40s? You are definitely not alone.The Bank of Mum and Dad, inheritance, generational wealth, financial independence, family money and the cost of living are changing the relationship between parents and their adult children. We talk a lot about the inequality created by parental wealth, but much less about what happens inside families when money changes hands.Because accepting money from your parents in adulthood can come with something else: scrutiny.This episode started with a reflection on a conversation I had with a woman in her 40s who admitted that she and her husband regularly agree a story before talking to her in-laws.The £150 Vinted dress? It was a bargain.The holiday? Avios.The expensive birthday party? Best not mention exactly what that cost.And these are financially successful, middle-aged adults.Once I started asking around, I realised how common this strange financial fibbing is. Research cited in the episode found that 29% of adults who had borrowed money from their parents admitted lying at least once about what the money was for.So why are grown adults still lying to their parents about money?I think it tells us something important about the rise of the Bank of Mum and Dad.
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