Grandparents providing financial support
The rising cost of day to day living means that families are increasingly calling on grandparents to help out financially, a new study has shown.In a poll conducted by YouGov on behalf of Kidstart, 2,000 parents and grandparents were asked how they had assisted their children over the last 12 months.It was discovered that 64 per cent of grandparents regularly make a financial contribution to their grandchildren.This covered everything from providing pocket money to helping them raise a deposit for their first home.Chris Hodgson of Kidstart said: "We were surprised at how much grandparents contribute financially to their grandchildren's future. "But grandparents who have witnessed changes in the economy first hand are more likely to understand the value of money, so it shouldn't be surprising."More than one in three, 34 per cent, of the grandparents polled claimed that they regularly bought items of clothing and toys for their grandchildren.
Share this..
Related stories
Are you aware of the increased threat of ID theft?
While consumers in the UK have been concentrating on their own finances it would appear that a number have taken their eye off the ball with regards to ID theft. It is common knowledge amongst the authorities that ID theft is more prevalent than ever during a recession, something which has yet again materialised over the last few months. What precautions do you take with regards to ID theft?
...
MPs expected to repay hundreds of thousands of pounds of expenses
As the MP's expenses saga continues to roll on it has been revealed over the last 24 hours that literally hundreds of thousands of pounds in expenses will be repaid to the UK taxpayer. Indeed, one Labour MP has agreed to repay over £40,000 in expenses which have caused significant unrest in his constituency. As a consequence, more and more MPs are expected to repay significant expenses which, whi...
Read MoreMore pay freezes on the way in 2010
While the UK government has already issued a statement confirming that public sector wages will only rise by a maximum of 1% during 2010 and possibly 2011, it would appear that the private sector has taken a harsher approach to the problem. One in five UK companies are looking towards a pay freeze in 2010 and reducing or scrapping benefits such as bonuses and gym memberships for employees. At a ti...
Read MoreAre we seeing a return of strikes to the UK economy?
As news filters through of a potential 48 hour strike on the London tube next month, calls have been made by the RMT union for direct talks with Boris Johnson the Mayor of London. It is believed the dispute relates to a pay agreement which effectively sees the real salary of members fall over the next five years. As a consequence, Bob Crow, the general secretary of the RMT union, is looking at way...
Read MoreIrish government set to take drastic action
The Irish authorities have this evening signalled a significant change in the future funding of Irish public services and amendments to tax rates and tax allowances. The move comes with news that the government needs to save between €3.5 billion and €4 billion a year from the Irish budget. The situation is worse than many predicted with a deficit of €23 billion forecast for this...
Read More