Lloyds bank family savings report

As mentioned in Kevin’s piece above, a recent survey by Lloyds Bank found that parents pay out £44bn per year to support adult children.

 

Most worryingly, the proportion of adult children receiving help with general living expenses has trebled from 5% to 15%. The report shows that young people in particular are struggling to maintain a basic standard of living without financial help from their family.

 

Further information can be found here