It’s not just about money: intergenerational transfers of time and money to and from mature age Australians

Social issues Families Australia

This report addresses the factors influencing whether time or money transfers are provided, the amount and value of these transfers and whether these two types of assistance are substitutes or complementary.
Family can be considered the central unit of economic, emotional and physical support for individuals in all human societies. The transfer of resources between generations in a family is a key part of familial social bonds. Transfers within families can take many forms: socio-emotional support; practical help such as house maintenance, babysitting, transport, or personal care; and financial assistance in the form of cash transfers (gifts or loans). However, little is known about the nature of interfamilial transfers provided to and by older people. This paper aims to address this gap in the literature by exploring the extent to which older people both give and receive assistance.

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