Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
Business
Vicky Shaw

Parents are dipping into savings to help with living costs – and it could leave them short in the future

As the cost-of-living crisis squeezes budgets, some people could be risking leaving themselves with a savings shortfall in retirement – as they dip into savings to help support their families, new research suggests.

Nearly a quarter of parents (24%) have already accessed, or are planning to use retirement funds early to help deal with rising living costs, according to research from financial services company Killik & Co.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.