Click me
Transcribed

Saving For Children

SAVING FOR CHILDREN New research from housing investment and shared equity mortgage provider Castle Trust reveals that parents are saving up to £3.79 bilion a year for their children's future. How much parents set aside per month for children UP TO 250 251 TO 2100 £101 TO 2150 £151 TO 2200 2201 TO 2250 2251 TO 2300 2301 TO DON'T SAVE DON'T SAVE 2500 DON'T KNOW REGULARLY AT ALL 29% 25% Only 6% of parents are saving more than £150 a month 21% 9% 6% 4% 2% 2% 1% 1% 44% 21% of UK parents save regularly for their children The average amount set aside by families who are saving for this purpose is £54 per month of parents do not save anything for their children at all In total, this equates to savings around £3.79 billion every year by parents for under-18s Amongst those who are setting money aside for their children 30% 13% 12% 7% 53% are saving for education for a house deposit for a first car for a wedding don't have a special purpose Most popular savings vehicles used by those saving for children 56% 29% 23% 11% 7% 6% 5% 5% In Cash Junior ISAS In shares ISAS In Friendly Society accounts in shares In shares Junior ISAS In Child save in a bank/bulding Trust Funds society in Cash ISAS account On a regional basis KEY Saving every month Sootland X Can't afford to save 52% 21% North East 41% 26% Yorks & Humber North West 39% 21% 49% 16% East Midlands Walos 32% 24% 29% 31% Enst Anglia Wost Midlands 57% 20% 42% 20% South West South East 57% 16% 40% 25% 43% 18% Source: Costle Trust

Saving For Children

shared by CastleTrust on Jan 21
659 views
2 shares
0 comments
Parents are faced with greater challenges than ever when saving for their children, thanks to steep childcare costs, high university tuition fees, and the challenges of saving for a first home. Castle...

Publisher

CastleTrust

Category

Economy
Did you work on this visual? Claim credit!

Get a Quote

Embed Code

For hosted site:

Click the code to copy

For wordpress.com:

Click the code to copy
Customize size