Now parents pay to take adult children on holiday!

FIRST they had to rehome their ‘boomerang’ children after they returned from university. Then they were required to fork out for their house deposits.

Now, the bank of mum and dad is being raided once again – for family holidays.

The tourism industry is predicting a surge this year in parents planning to take their grown-up children away on a family trip.

Known as the ‘genervacation’ – a holiday for older and younger generations – twenty-somethings are now finding breaks with their parents increasingly enticing.

While genervacations have been growing in popularity, pension reforms and rising property prices have also made it easier for so-called ‘silver travellers’ to whisk their children away.

Since last April, over-55s have had the option of withdrawing 25 per cent of their pensions tax-free, and research suggests that 99 per cent of those eligible to make a withdrawal are considering the option.

Of those cashing in, nearly three-quarters are planning to spend some of the money on travel – and many of those are bringing their children along for the ride, according to a survey by travel consultants Souk Response.

But the research also suggests that its not just family fun parents are after – part of the motivation may be guilt, as their children can’t afford the holidays they can.

‘They feel honour-bound to take them,’ Huw Williams of Souk Response, told the Observer. ‘Now that people in their 50s are looking to go farther abroad, they feel obliged to take their adult children with them.’