Reform needed to ease pressure on the "Bank of Mum and Dad"

Tom O'Callaghan
Updated November 28 2017 - 5:16pm, first published 12:00pm
BURDENSOME BORROWING: Many young entrepreneurs are forced to borrow money. Some are turning to credit cards. Photo: James Alcock
BURDENSOME BORROWING: Many young entrepreneurs are forced to borrow money. Some are turning to credit cards. Photo: James Alcock

Many young entrepreneurs are unable to get bank loans and are increasingly relying on the “Bank of Mum and Dad”, putting retirement savings at risk.

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Tom O'Callaghan

Tom O'Callaghan

Journalist

I grew up in Bendigo and I want to tell your stories.

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