Birmingham Midshires
According to research by Birmingham Midshires, one in three over 55s and Pensioners use their pensions to help support their children and grandchildren and one in ten use their savings and investments to contribute to the family household income.
The Birmingham Midshires research also revealed that pensioners are willing to forfeit some of their own future comfort to provide financial support to younger relatives.
Our view
The current climate means that pensioners have benefited from a stable pensions market and a property boom making them their generation the wealthiest this country has ever seen.
Useful links:
Learn more about pensioners and related topics in the Retirement Channel
Request expert financial advice now
Purchase guidance on financial planning in the Money Shop