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 per cent) of those aged 18-24 have needed financial support in the past year, which is unsurprising given many could still live at home and not all might be in full time employment.
