22 Aug 2014
Family lending now at £31 billion in the UK
The Centre for the Modern Family: Family Generations & Financial Pressures Report
This report shows families are pulling together emotionally and financially to support each other, with family lending (lending money to family or friends) increasing to £31 billion. We now include:
Key findings are:
And this is just one part of the story of inter-generational reliance within families, showing that a supportive family unit is as vital as it has ever been.
Find out more about the Centre for the Modern Family or follow them on Twitter @4ModernFamily.
For more information speak to your Scottish Widows account manager.
See more about Scottish Widows in Tools & Resources
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