Busines, Law and Politics
The ‘Bank of Mum and Dad’ is exposing older Australians to the risk of financial abuse
by Julia Cook, Senior Lecturer in Sociology at The University of Newcastle, and Peta S Cook, Senior Lecturer in Sociology at the University of Tasmania
Young Australians who would have once been locked out of home ownership are increasingly relying on the so-called Bank of Mum and Dad to get a deposit or to guarantee a bank loan.
