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Elder Abuse concerns

August 21, 2013 at 1:40 PM

There are growing concerns that recent tightening of bank facilities for buying a house in New Zealand will force young adults to lean more on their parents. While parents may want to help their children out, they need to be confident to say 'No!' to playing bank.

Why? The potential that they will lose or not get back their money or even their house or other property must be fully explained to them and understood. Being bullied into it or threatened to bankroll their children's property investment is elder abuse! Parents are not obligated to financially help out their children.

Ring Age Concern if you need help

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