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Freedom splash-out.

PARENTS celebrate their children leaving home by collectively spending pounds 543million improving their homes Six out of 10 empty-nesters said they carried out home improvement work during the past two years, while a further 19 per cent plan to do so in the near future, according to Direct Line Home Insurance.

This compared with just 41 per cent of people who spent money modernising their property immediately after their children moved out 30 years ago.

Around 14 per cent of people whose children had recently left home said they would prefer to spend cash on a new kitchen, bathroom or conservatory at their home than set it aside for their offspring's inheritance

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SPENDERS: Empty-nesters
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Title Annotation:Business
Publication:Daily Record (Glasgow, Scotland)
Date:Jun 7, 2005
Words:116
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