Children loosing money to their parents is not only source of family financial fiasco, the reverse is also true because members of many families are mentioning finances as the main cause of conflicts.
According to a survey commissioned by Skipton Building Society, more than half of the UK residents owe money to relatives and the national family IOUs stand at about £25.6billion. This is an increase from £14billion a decade ago. Typically, an average sum of £1928 are lent by a parent.
20% of the people surveyed have fallen out with a borrower in the family. Of those who fell out, 7% said they were taken advantage of. The same number claimed that the borrower had made no effort to repay them again.
What can we deduce from these, maybe we have mismanaged our finances, now we are latching on to others' and family members, because of their benevolence, seem to be easiest targets. This is a sure sign of personal financial trouble. Make arrangments to pay back what you owe; your relations with your family will improve.
The Bible say "The wicked borroweth, and payeth not again" Psalms. 37:21
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