One in six UK grandparents financially support two generations of their family

News Team, 08/12/2022

One in six (16 percent) older Brits are financially helping out both their children and their grandchildren on a regular basis, with the average grandparent handing out £71,942 in monetary support.

According to research by digital wealth manager Moneyfarm, grandparents (over 65) regularly help the younger generations out with both essential - such as rent, mortgage and energy bills - and non-essential expenses - including clothes,...

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