A new study has found that people in Britain may be finding a crafty way to beat the credit crunch – by getting their parents to pay for their holidays.

A new study has found that people in Britain may be finding a crafty way to beat the credit crunch – by getting their parents to pay for their holidays.

As many as 42 per cent of people aged between 18 and 34 said they have taken a free or heavily-subsidised holiday with their parents in research published in the Daily Mail by travelsupermarket.com.

The survey revealed that 16 per cent of the over-55s still take holidays with their parents, while people hailing from Northern Ireland were the least likely to capitalise on a freebie.

Company spokesperson Bob Atkinson called this phenomenon the ‘piggyback generation’.

“Thankfully, over half of those whose holidays have been subsidised by their parents said they enjoy spending time with their parents, so at least it’s not all in vain,” he added.

Anyone having to take their offspring away with them this year could consider booking holidays to South Africa or Thailand, which are both good value destinations at present.

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