This statistic shows the distribution of small loans ("I owe you"s, IOUs) from parents to children aged over 18 in the United Kingdom as of 2014. Although loans go the other way too (children to parents), they are less common. Lending to children focuses on necessities rather than leisure. According to the survey, 20 percent of lending is with the purpose of paying bills and 21 percent for household costs.
Distribution of small loans (IOUs or "I owe you"s) lending from parents to children in the United Kingdom (UK) in 2014, by purpose of loan
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Payments Council. (April 1, 2014). Distribution of small loans (IOUs or "I owe you"s) lending from parents to children in the United Kingdom (UK) in 2014, by purpose of loan [Graph]. In Statista. Retrieved December 26, 2024, from https://www.statista.com/statistics/328918/uk-ious-children-purpose/
Payments Council. "Distribution of small loans (IOUs or "I owe you"s) lending from parents to children in the United Kingdom (UK) in 2014, by purpose of loan." Chart. April 1, 2014. Statista. Accessed December 26, 2024. https://www.statista.com/statistics/328918/uk-ious-children-purpose/
Payments Council. (2014). Distribution of small loans (IOUs or "I owe you"s) lending from parents to children in the United Kingdom (UK) in 2014, by purpose of loan. Statista. Statista Inc.. Accessed: December 26, 2024. https://www.statista.com/statistics/328918/uk-ious-children-purpose/
Payments Council. "Distribution of Small Loans (Ious or "I Owe You"S) Lending from Parents to Children in The United Kingdom (Uk) in 2014, by Purpose of Loan." Statista, Statista Inc., 1 Apr 2014, https://www.statista.com/statistics/328918/uk-ious-children-purpose/
Payments Council, Distribution of small loans (IOUs or "I owe you"s) lending from parents to children in the United Kingdom (UK) in 2014, by purpose of loan Statista, https://www.statista.com/statistics/328918/uk-ious-children-purpose/ (last visited December 26, 2024)
Distribution of small loans (IOUs or "I owe you"s) lending from parents to children in the United Kingdom (UK) in 2014, by purpose of loan [Graph], Payments Council, April 1, 2014. [Online]. Available: https://www.statista.com/statistics/328918/uk-ious-children-purpose/
