Aldermore research found parents have given an average of £8,096 from their own savings to support adult children, with 27% saying it has significantly reduced their financial safety net.
Vanguard’s British Money Mindset Report found 37% of Gen Z investors started investing within the past 2 years, contributing £25bn in new investor inflows.
The Exeter’s Consumer Health and Finance Tracker found women save an average of £1,820 less than men each year, leaving them with a smaller financial buffer if income stops.
Raisin UK research found women save an average of £210 each month compared with £275 for men, with unclear financial language cited as one factor affecting savings confidence.
UK adults saved an average of £4,114 over the past year, with millennials putting away the most, while 15% said they had been unable to save anything, according to Tesco Bank.
HomeSaver customers get a 4.00% AER variable on balances up to £20,000 and a 1.5% AER fixed 12-month bonus when they complete a mortgage through Tembo’s mortgage service.
New research from The Exeter shows widespread financial vulnerability, with many adults lacking enough savings to cope with a sudden loss of income.
85% of 25 to 34-year-olds said they felt confident about hitting their financial goals, compared to 59% in other age groups.
Halifax said that remortgaging onto a new fixed rate could save borrowers over £700 a month.
The number of renters saving for a deposit dropped to a six-month low at 17% in July, down from 31% in January.
Scottish Widows warns of deepening retirement divide as 5.7 million people say financial independence may never be within reach.
Andrew Craddock said the move would have far-reaching effects for mortgage lending, savers, the housing market and the wider UK economy.