29 aprile 2010

K.I.D.D.E.R.S.

Kids In Debt, Diligently Eroding Retirement Savings.

According to Australia’s Sunshine Coast Daily, solicitor Paul Brennan is responsible for this improbable initialism: Mr. Brennan said an increasing number of his cases involved parents wanting to ease their child’s financial strain. He has even coined a phrase to describe the trend: KIDDERS, which stands for “kids in debt, diligently eroding retirement savings.” Mr Brennan tells his clients they need to exercise some “tough love.” He said parents getting involved could compound the problem by giving creditors a new target with perceived deep pockets.
Incidentally, in 2005, the BBC reported on the trend of KIPPERS.:… the drain on finances created by grown-up children is a financial burden that exacerbates the difficulties posed by longer life expectancies.
The modern-day dilemma has spawned the term kippers, standing for “kids in parents’ pockets, eroding retirement saving.”


published on: Schott's Vocab