21/09/2026
The Bank of Mum and Dad is increasingly being called upon to support young adults struggling to find meaningful employment and establish financial independence. As a recent Telegraph article highlights, this is having a significant impact on parents, many of whom are having to reconsider their own spending and retirement plans.
But perhaps there's an opportunity to rethink how some of that financial support is distributed. Investing in high-quality career mentoring can help young people navigate an increasingly challenging employment market, identify meaningful opportunities and develop the skills and confidence needed to establish themselves professionally.
For parents, it offers an opportunity to invest in their child's long-term future, rather than simply continuing to support their immediate financial needs.
For young people, it can help them take those important steps towards independence, a regular salary and the sense of purpose that comes with building a meaningful career.
The ultimate goal? A young person flourishing in a career of their own, and parents enjoying the peace of mind that comes with knowing their child is finding their feet.
Sometimes, the most valuable thing the Bank of Mum and Dad can do is invest in helping their child establish a bank balance of their own!
https://www.telegraph.co.uk/business/2026/09/18/britains-youth-jobs-crisis-nightmare-bank-of-mum-and-dad/
One in three 18 to 34-year-olds still lives with their parents – and it’s costing the economy