Family
UK funeral debt reaches £142m
A major new study conducted by Royal London highlights that funeral debt in the UK has reached £142m. It also reveals how Brits are struggling to pay for funerals, but showing resilience as they find ways to pay.
£83,600: The cost of raising a child to age 11
The average cost of raising a child to secondary school age stands at almost £85,000 according to the latest Halifax Cost of Children research.
How UK parents are saving stay-at-home kids £17.1bn
Young adults age 18-34 living with their parents are saving themselves a staggering £17.1bn a year in rent and living costs, according to research conducted on behalf of budgeting account provider thinkmoney.co.uk.
Brits banking on inheritance for their financial future
Millions of UK adults are relying on the Bank of Mum and Dad for financial help, until their own retirement, according to research from Gocompare.com.
Over two in five parents’ purchases influenced by Prince George
It is only natural for parents to want the best for their children, but new figures show that they are setting their sights high, with more than two in five (43 per cent) saying that they have been influenced by Prince George, when buying items for their baby.
Employment options for new mothers
New mothers are reluctant to return to work after having a child, with new statistics revealing that 28 per cent did not go back to their previous employer and only 6% felt the desire to start their own business (6%).
Pocket money boosts money management skills in adulthood
Children who receive pocket money are more likely to develop strong financial planning skills in later life and are much less likely to be in debt, according to a pan European study of more than 12,000 consumers across Europe.
Going back to school as an adult: it is possible, even when money is tight
There are lots of reasons someone might have chosen not to pursue higher education after obtaining their GCSEs or even after passing their A levels. Some have cited family obligations.
Cost of university? That’ll be £54,000
Students embarking on a three year university degree course now face a total cost of over £54,000 (excluding student loans), according to new research from the Santander 1l2l3 Student Current Account. This is the equivalent of more than £18,000 every year.
UK facing childcare shortage as grandparents increasingly choose to work into retirement
Research from Aegon UK, the life and pensions company has found that 29% of Brits are intending to work part time for some or all their retirement in order to supplement their income.
The “boomerang generation”
Four in ten (43%) of Britain’s 3.3m young adults aged under 34 living at home have “boomeranged” back again after initially moving out.
50,000 children set to benefit in child maintenance shake-up
Single and separated parents who have previously received no maintenance from their former partner could start receiving payments.
Parents willing to pay more than £50,000 extra for school catchment area privilege
Some parents (10%) are willing to pay more than £50,000 extra for a property in a desirable school catchment area, according to research from Confused.com.
17% of stay-at-home adults choose to do so to enjoy an easy life
The rising number of young adults (18-34) living at home is no secret: according to the ONS there are now 3.3 million of them. Now new research reveals the reason why so many are choosing to stay at home – for an easy life.
St Andrews crowned cheapest of nation’s top universities
Famed as the starting point of Kate and Will’s royal romance, St Andrews has taken the crown as the cheapest place to study out of a list of the nation’s best universities, according to research from MoneySuperMarket.