Parents influence our saving habits

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People fall into one of four types of saver categories, influenced by the habits their parents taught them as children, claims new research from Scottish Widows.

Results show 62% of adults save little or nothing, with almost half of this group claiming their parents are to blame as they had the biggest influence on their savings habits. Of the 38% who do save regularly, 57% say they were taught by their parents as a child, with 32% adding their mum was the biggest influence on their savings, 7% more than fathers. However a third of those surveyed by YouGov, say they taught themselves how to save and didn’t rely on their parents at all, while the research shows only 9% go to mum, and the same to dad for the advice on financial matters, with 19%...

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