A third of 35-44-year-olds needed help from ‘Bank of Mum and Dad’ last year
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Wedding costs were top of the list for help needed – but utility bills and groceries also featured highly.
By Karl Matchett
A study on the money habits of British adults has found that a significant proportion still rely on the ‘Bank of Mum and Dad’ – in other words, their parents financing them at times of need – and it’s not just the younger generation doing so.
In surveying 2,000 adults across the UK, the research shows over half (55% ) of those aged 18-24 have needed financial support in ...
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