Nearly half of parents fear they must delay plans to retire in order to financially support their children, new exclusive data for This is Money shows.

With more young people leaving the family home later than previous generations, parents expect their children to move out around the age of 26.

Meanwhile, boomers typically moved out of their homes between the ages of 18 and 21.

This shift is largely down to the younger generation facing higher housing costs and inflation.

Nearly a quarter of the 2,000 parents polled with kids under 18 by investment platform XTB say they feel unprepared for the cost of supporting their children into adulthood.