Now we can spend!
Six out of 10 "empty- nesters" said they had carried out home improvements in the past two years while a further 19% planned to do so soon, said Direct Line Home Insurance.
This compared with 41% of people who modernised their property immediately after their children left 30 years ago.
About 14% whose children had recently left home said they would prefer to spend money renovating their home than set it aside for their offspring's inheritance.
Two-thirds of parents had paid for a new kitchen or bathroom to be put in once their children had moved out and 22% had had conservatories, extensions or saunas built.
Just under a quarter of parents had even turned their child's former bedroom into an entertainment room.
Simon Ziviani, of Direct Line, said: "Today's generation of empty-nesters view their new freedom as a time for fun and their homes as somewhere they can start to enjoy the next phase of their lives.
|Printer friendly Cite/link Email Feedback|
|Publication:||Huddersfield Daily Examiner (Huddersfield, England)|
|Date:||Jun 8, 2005|
|Previous Article:||Car-share company in Stock Exchange drive.|
|Next Article:||Young Rotarians raise pounds 1,000 for hospice.|
|Wisconsin will soon be able to claim it owns the World's Largest Six-Pack again.|
|La Crosse City Brewery.|
|Designers face off in construction building.|
|Restaurant worker stabbed to death.|