Younger people relying on ‘bank of mum and dad’ as cost of living soars – survey

PA Wire

Middle-aged people have been borrowing to cope amid the cost-of-living crisis, while younger people have relied on help from friends and family and the poorest households have been skipping meals, a report suggests.

Half a million people on lower incomes reported using a food or warm bank in the last four weeks, the Resolution Foundation think tank said.