29 aprile 2010

YUCKIES

Young Unwitting Costly Kids – a dubious acronym for adult children who rely on financial support from their parents.


Writing for The Telegraph, Bryony Gordon confessed: My name is Bryony and I am a Yuckie. It’s not quite the word I wanted to use to describe myself, but there it is, the latest acronym trotted out to denote what I am: a Young Unwitting Costly Kid, sapping my baby-boomer parents of all their hard-earned savings, and probably their will to live. New research released this week has found that an incredible 93 per cent of parents contribute to the finances of their Yuckies. Previously I have been a KipperKids In Parents’ Pockets Eroding Retirement Savings – while other members of my generation – I think that we are Generation Y, or perhaps I; one can never quite be sure – have been described as boomerang kids, returning to live at home when they really should know better.
According to a survey by a UK charity, two thirds of parents have reduced their own living costs to assist their 18–30-year-old children, and a third are going so far as to remortgage their homes. As the Telegraph noted: It is the latest evidence of how so-called Babygloomers are feeling the financial squeeze of funding both their own children and their parents.

published on: Schott's Vocab