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The Independent UK
The Independent UK
National
Holly Bancroft

More adults turning to ‘bank of Grandma and Grandad’ for financial support

Saga
Stock/ The Independent

A “growing” number of adults are turning to the “bank of granddad and grandma” for financial support, new research suggests.

Almost a third of grandparents surveyed by insurance firm Saga said that they’ve lent or gifted money to their grandchildren, with the elderly family members forking out £2,119 on average.

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