Growing pressure on dentists’ finances

75 per cent of dentists said they expected to provide more financial support to their children after the age of 21 than they had received from their own parents, a clear indication of changing social trends said Wesleyan Medical Sickness, the specialist financial services provider for the dental market. 

The growing expense of attending university and the higher cost of living were cited as the two most common reasons why dentist parents had to provide their adult children with increased support.

Samantha Porter, Wesleyan’s sales and marketing director, said: “There is no doubt that life is tough for this generation of young adults. They are leaving university with significant debt and have to raise a much larger deposit on their first home compared to their parents.

“However it’s also tough on parents as they find themselves supporting their children for much longer than they may have expected.  They are also facing financial challenges themselves with changes to pensions and an increased cost of living.