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Stock impact report

'I pay for my mum's carer and I chip in for bills' [Yahoo! Finance]

Aegon Ltd. New York Registry Shares (AEG) 
US:NYSE Investor Relations: aegon.com/investors
Company Research Source: Yahoo! Finance
Aju Chacko, who has been helping his mother financially following his father's death 15 years ago. The 47-year-old from west London is one of many supporting a parent in their retirement. “Of course it's going to affect my finances for my family, but luckily I have my wife to support me," he says. If he was not helping, his mother “would be struggling”, Mr Chacko says. “Really, she's going to struggle.” 'Flowing the other way' Research shows that many adult children are helping their parents financially. According to investment company Aegon , 55% of 1,048 adult children surveyed expect to provide parents with financial support in retirement. And 25% are already helping their parents cover everyday bills. Kath Scanlon, distinguished policy fellow at LSE London, said: “It might be the same people who received help from their parents when they were in their 30s, say, to get on the housing ladder. "When they're in their 50s and 60s, the money will be flowing the other w Show less Read more
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