The Bank of Mum and Dad raid kids' savings during Covid, study shows
An estimated £2.75bn
Nearly a quarter of parents have had to rely on their children's savings since lockdown began, research from Direct Line Life Insurance has suggested.
Since 23 March, the estimated total sits at £2.75bn, the study involving 2,000 UK adults and carried out between 28 August and 1 September suggested. According to a report by the London School of Economics...
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