A new investigation from Admiral MultiCover reveals more than half (51%) of Brits believe parents should continue to financially support their adult children after the age of 18, even after they’ve moved out of the family home.
By contrast,13% argue that when the child reaches 18, they should no longer receive any help with their finances from their parents.
Since the global outbreak of COVID-19 began in early 2020, many Brits have experienced extra financial pressure. To help understand how Brits are coping, Blacktower Financial Management has taken a closer look to uncover which cities are most concerned about the monetary implications of the pandemic, as well as those saving more now than ever before.
Personal finance experts, https://oceanfinance.co.uk/ have surveyed 1,000 Brits about their money memory, in order to uncover how financially forgetful Brits have become due to their reliance on fintech i.e. contactless payments, auto-fill passwords.
Unfortunately, their findings are quite worrying when it comes to Brits’ money memory
There are more than 90,000 divorces every year in the UK, each costing approximately £14,000 in fees on average. However, it is also estimated that many divorcees could be losing out on thousands of pounds in cash and other assets due to unreliable figures and information that is hidden by the other party.
According to Steve Hale, Partner of Perrys Chartered Accountants, although...
With recent ONS data showing the average disposable income in the UK increased by £700 per household compared to 2019, Share to Buy analyses how much the average Brit spending habits have changed during the lockdown periods and the top most impulsive splurges of 2020.
According to Barclays, Brits spent a total of £40.6 billion on dispensable items to make their time at home more...
This year has thrown many people’s personal finances, as well as the wider economy and job market, up in the air – which for some has meant being forced to unpick life plans they may have spent years carefully putting together.
For some people, the repercussions could be long-lasting and ripple through the generations.
Despite early speculation that lockdown may trigger a...
Spending habits have changed radically since the start of the lockdown, with many people now having to get by on a reduced income – not to mention our usual routines and access to shops and restaurants having altered significantly.
According to figures from trade association UK Finance, credit card spending across the UK shrunk back by more than 12% in the year to March. Meanwhile,...