Financial pressures on 'Bank of Mum and Dad'

1762 BREWIN DOLPHIN Financial pressures on 'Bank of Mum & Dad' Children above 18 – The Bank of Mum and Dad have helped... to pay for a wedding to buy a car to pay university fees with 29% housing costs 35% 44% 25% The impact on parents, we will have to... compromise our lifestyle 32% 16% retire later downsize reduce home to size of release 14% 8% pension pot equity How much is the Bank of Mum and Dad paying out? Growing pains – from birth to 17 Into adulthood - 18+ From £5,000 From 25,000 to £25,000 From £5,000 to £25,000 to £100,000 27%39% 34% 27% 2% 30% 9% From 25,000 to £100,000 Above Above Above £100,000 £500,000 £100,000 Top parental expenses by region 34% Buying a car 32% Funding a wedding 28% University fees D 39% Funding a wedding 30% Buying a car 27% Help with rent 37% Buying a car 26% University fees 23% Funding a wedding 37% Buying a car 34% Funding a wedding 29% University fees 30% Buying a car 30% Funding a wedding 28% Help with rent 38% Buying a car 31% Funding a wedding 25% Help with rent 35% Buying a car 29% Help with rent 27% Funding a wedding 35% Buying a car 31% Help with rent 26% Funding a wedding #41% Buying a car 30% Funding a wedding 26% Help with rent 27% Buying a car 26% University fees O 23% Funding a wedding 41% Buying a car 28% Help with rent D 26% Funding a wedding www.brewin.co.uk f /brewindolphin All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 7,031 adults, of which 4,208 were parents, and 2,896 were parents of children aged 18+. Fieldwork was undertaken between 10th - 14th July 2014. The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18+). SE¢ BCS BCS