Family financial support of adult children in Great Britain (UK) 2013, by loan type

Published by Statista Research Department, Oct 19, 2013

This statistic shows the distribution of parental financial support given to adult children in the form of large or small, regular or once-off loans in Great Britain (United Kingdom) as of 2013. At that time, approximately 80 percent of British adult respondents had never received a large regular loan from their parents, nor given one to their adult children. At the same time, approximately 73 percent of British adults reported that they have received from their parents (or have given to an adult child) small once-off loans (as "cash in hand").

Parental financial support given to or received by adult children in Great Britain (United Kingdom) as of 2013, by size and type of loan

Characteristic	Neither received nor given	Have received from parent as adult / Have given to adult child
Large one off payment (e.g. deposit for a flat, wedding, car, holiday)	55%	45%
Large regular payments (bills, lessons, insurance etc)	80%	20%
Small one off payments (cash in hand)	27%	73%
Small regular payments (for essential shopping, transport etc)	69%	31%

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Release date

October 2013

More information

Region

United Kingdom (Great Britain)

Survey time period

June and July 2013

Number of respondents

2,444*

Age group

18 years and older

Method of interview

Telephone interviews and online survey

Supplementary notes

* The sample size for the particular question.
The full question read as follows: "Thinking about different kinds of financial support that you have ever received from a parent or given to an adult child, which, if any, of the following apply to you?"

The source adds the following information: "ComRes interviewed 2,055 GB adults online between 14th and 16th June 2013. ComRes also interviewed over the telephone 510 British adults with a combined annual household income of £20,000 and below between 17th June and 8th July."

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