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The new way Australians are planning to use the bank of mum and dad

Tom Elliott
Article image for The new way Australians are planning to use the bank of mum and dad

More and more Australians are turning to inheritances for their own financial security, with millions admitting they’re depending on it.

Personal finance expert at Finder, Sarah Megginson told 3AW’s Tom Elliott it’s “a really dangerous place to be”.

Press PLAY to hear her explain why it’s so risky to depend on inheritance 

“It’s natural and normal to wonder about what might be coming towards you,” Ms Megginson said on 3AW Mornings.

“That’s why it can be so risky”.

Image: iStock 

Tom Elliott
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