Do you save for your children's future?

Do you save for your children's future?

We often hear about the cost of living today and the continuing rise in costs of raising children today, so are we really expected to be able to save for our children's future as well? Apparently we are.

1525

New research by Teachers Assurance, in conjunction with specialist Opinion Matters, involved over 2,000 adult respondents from across the UK and questioned each about their attitudes and behaviours when it came to saving for their children. Here's some of the findings, which stat sounds most like your household?

* 53% of parents were not teaching their children about savings habits.

* 38% of parents were saving on behalf of their children with the intention of gifting this to their child at a set age.

* 57% of parents were saving for their children in their name, with the average contribution amounting to less that £2,000 by the child's 18th birthday.

* 21% of parents planned to provide £5,000 or more towards their child's university education.

* 38% weren't planning to contribute anything towards the cost of their child's first home.

* 55% wouldn't contribute any money if their child wanted to travel the world.

Of those who weren't saving, 65% couldn't afford to while 30% felt that money saved now wouldn't be worth a relative amount in the future.

RELATED ARTICLES

Related Articles

How to invest in your child's future
Money & Work
How to invest in your child's future
How to invest in your child's future It's an expensive business having children...
Be sure you fit your car seat correctly
Safety & First aid
Be sure you fit your car seat correctly
Be sure you fit your car seat correctly This week marks Child Safety Week so...
Can you keep your baby safe in water?
Safety & First aid
Can you keep your baby safe in water?
Can you keep your baby safe in water? Swimming is great for our children, we...
How much 'us' time do you get in a week?
Parenting
How much 'us' time do you get in a week?
How much 'us' time do you get as a couple in a week? Working, sorting the kids...

how-to-reclaim-air-taxes-for-under-12sMoney & Work

How to reclaim air taxes for under 12s

Find out now how you can claim a tax refund on child tickets fro your airline
shared-parental-leave-is-now-in-forceMoney & Work

Shared parental leave is now in force

Shared Parental Leave for both mums and dads has come into force this week
four-mums-on-career-change-lisa-s-storyMoney & Work

Four mums on career change Lisa's story

Four mums share their personal stories of how they changed their career paths to help balance life as a mum
win-one-of-three-super-yummies-discovery-packsWin

Win one of three Super Yummies Discovery Packs!

We’ve got three exciting Super Yummies Discovery Packs up for grabs.
win-one-of-15-doc-mcstuffin-toy-hospital-sets-worth-over-75-eachWin

Win one of 15 Doc McStuffin Toy Hospital Sets, worth over £75 each

Enter our competition for your chance to win one of 15 prizes
win-a-dreambaby-sparkling-christmas-bundleWin

WIN a Dreambaby sparkling Christmas bundle!

Win all these products to help make life with little ones safer and easier