A new study shows that about half of people in Ireland aged over 54 are providing financial support to their parents, while a similar number are giving money to their children.
The research from the Irish Longitudinal Study on Ageing also reveals that only three per cent of older people are actually receiving financial support from their offspring.
The Citizens’ Assembly is factoring in this data, as it prepares to vote today on recommendations for the government on how to deal with an ageing population.
Research Director Christine McGarrigle says a significant number of older people are also helping their elderly parents in other more practical ways.
