Two-fifths of all families with children saved regularly in 2004, according to a review of the characteristics and circumstances of families and children by the Department of Work and Pensions.
The report – Families With Children in Britain: Findings from the 2004 Families and Children Study (FACS) – reveals 42% of all families with children saved regularly and were most likely to be saving for the future or for no particular reason. Saving was more common among couple families, as approximately half (48%) of couple families were saving regularly compared with almost one-quarter (23%) of lone mothers. Families where no one worked, or a parent worked for less than 16 hours a week, were the least likely to save. One out of ten (13%) lone parents and two out of ten couple (16%) f...
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