Parents dig deep for kids

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PARENTS in Sheffield will shell out almost £40,000 on milestone events for their grown-up offspring, shock findings have revealed.

Weddings, 21st birthday parties, graduations and even helping with house-buying will cost city mums and dads up to £39,127.12, according to research by the Coventry Building Society.

But a third of parents in Sheffield with young children have no money saved for their future, and only 41 per cent saved for their kids’ future.

Two thirds of city parents said that when they first had children they never imagined they would continue to support them financially when they were well into their adult life.