LOADING ERROR LOADINGChances are you’ve heard of “the bank of mum and dad,” or adults relying on their parents for anything from house down-payments to holidays. AdvertisementAlready, 55% of UK adults with living parents financially help, or expect to help, them in retirement. Only 45% of adults in midlife (45-54 years old) are optimistic about their parents’ finances, a figure that drops to 2% among 18-24-year-olds. Advertisement“For many households, helping parents navigate retirement is becoming just as important as helping younger generations onto the property ladder,” said Mulvaney. “One of the most effective steps you can take to help your older parents is reviewing their retirement finances together,” he shared.

Source: Huffington Post March 29, 2026 10:48 UTC