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February 16th, 2012 
FAKE NEWS for the Zionist agenda
By
Deborah Arthurs
Last updated at 4:38 PM on 15th February 2012
With children flying the nest and more free time than ever, those turning 50 would be forgiven for thinking they might be able to kick back and enjoy their golden years.
But according to a new study, the tough times are only just beginning.
A new study has found that those celebrating their half-century are about to enter the most expensive stage of their lives.
Experts calculated those in their 50s can still expect to be lumbered with hefty mortgage payments while also trying to support teenage children.
The cost of weddings, university fees, motoring costs, mobile phones and house deposits all pile on the financial pressure.
Costly: We become bigger spenders than ever in our 50s, thanks to children’s university fees, weddings, motoring costs and holidays, a study has revealed
A typical 50-something needs to spend a total of £1,560 per month just to keep their heads above water, according to the study, by leading UK health and wellbeing mutual organisation Benenden Healthcare Society.
Yesterday Marc Bell, Marketing and Business Strategy Director said: ‘Reaching 50 is traditionally supposed to be the start of a new lease on life as kids grow older and couples find more time to themselves.
‘The stark reality will prove an eye-opener as 50-somethings realise the truth is not so rose-tinted.
‘Debt rarely goes away as we get older and the rising costs of mortgages, motoring and raising children will paint a pessimistic outlook on life.
‘On entering our 50s, more of us are paying for our children’s education and taking on more of their day-to-day costs such as mobile phone bills and going out – indicating that we’re letting our children become more financially dependent on us.
‘We’re also more like to provide financial help for our loved ones and family members – suggesting that whilst it’s the most expensive time of life, it’s also the time when we might be most giving and generous.’
Parents contribute to their children’s mobile phone bills and spending money as well as running the home and car
The study quizzed 2,000 homeowning Brits and found hitting fifty coincided with an acceleration in spending.
Mortgage repayments prove to be the biggest outlay every month, averaging £354, while food shops cost on average another £292. Utility bills come in at £186.
Holidays average out £1,254 thanks to the extra cost of offspring travelling as adults rather than children.
A quarter find themselves paying towards their child’s motoring costs such as insurance and tyres and one in six have even bought their offspring a car.
Three in ten are currently helping to
pay for their child’s education and just under half pay for their
child’s mobile phone contract – both adding another £189 to the monthly
bill.
Youngsters will also
spend another £100 of their money each month on their social lives and
receive £78 pocket money – making them the wealthiest children of any
age group of parents polled.
However,
nearly four in ten (37 per cent) of over 50s have given their children a
lump sum within the last year – with one in ten helping to pay off
debts, and one in five paying towards a holiday or a deposit for a
house.
Other costs include weddings, university fees, DIY jobs and extensions.
It also emerged the over-50s are twice as likely to provide financial help for their own or partner’s parents – with 24 per cent giving out regular help compared to the other age groups.
But with such massive outlays one in ten over 50s ends the month in deficit and one in five struggle to support their immediate family.
The same number went as far as to say their family wouldn’t cope should something happen to them.
Marc Bell added: ‘Life is getting tougher for the over 50s. The increased costs places extras pressures on the wallet, but it can also put greater pressure on mental wellbeing and the strength of relationships.
‘In the midst of this greater expense, we should not forget to prioritise our personal health. It is perhaps the time of life when maintaining good health is most vital – therefore ensuring a secure future for our family.
‘Whilst being in your 50s can be the most expensive time of life, not having safeguards such as life cover could end up leaving loved ones to pick up the pieces and to try and deal with huge financial burdens.’
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thats what happens if you have kids too late in life!!!
who,s fault is that
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Done al above and managed to be mortgage/debt free then comes along a useless son in law then divorce. Back to responsibilities which were left behind a long time ago. Planning or expectation for the future can knock you back.
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Never had or wanted any kid’s …mortgage free from 40yr..just a wonderful debt free life..
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Surely most people have cleared their mortgage by the time they hit 50 ?
Yes, smug comment. Some people are migrants, some people have moved around for work etc. Maybe they themselves never had hand outs and just are still lumbered with a mortgage. It’s not a time to carry a large mortgage though as things can get quite expensive. Sandwich generation.
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Seriously? If people will give their children handouts, pay for their morgage and uni then more fool them! I’m 18 and heavily pregnant with my first, I’ve worked part time and I’m in full time education (I’m still going into college now even though I’m over due), my partner also works 60 hours a week and we pay for everything ourself. I wouldn’t have it anyother way as sponging off your parents (no matter how tough times seem) is unfair! As a present my dad paid for my deposit on my car insurance for my 18th and that’s all I’ve had. Some people need to stop spoon feeding their children and let them grow up!
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Theres a big problem too when the mother wants to restrict payouts to the children but the father doesnt “mind”.All my arguments with my husband are about the money we give our kids that they are reluctant to pay back.I dont mind giving them some cash but they spend happily ( both work fulltime) then come up short ( seem unable to save) and expect to be rescued.
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Tell us something we don’t know. Our children cannot get jobs – the immigrants have them all.
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Beware the so called “loving family” who blackmail with not visiting if you do not hand over money when they have got used to you funding them. Your stuff may be worn out – but selfish gits still expect you to pay for their latest whim.
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I am 50 and still renting. Will be free of school fees in three years. Just lived life differently from other people.
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We are 50/51, been together 27 years and have done everything for ourselves with no assistance from parents (mine are both dead now). We also chose not to have children and are now running a small company. On the other hand my husbands 2 siblings who are both in their 40s have had help with everything and are unable to sort things out for themselves. The younger of the 2 is still living at home and pays a ridiculous £50 a month rent and bills! He spends his money on 3 holidays and a new car nearly every year.
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