This statistic illustrates the financial management behavior of the Millennial generation in the United Kingdom (UK) as of January 2016, by positive or negative financial influence of parents. It can be seen that at that time 44 percent of respondents that stated their parents had a negative financial influence had previously run out of money before payday.
Financial management behavior of Millennials in the United Kingdom (UK) as of January 2016, by parent financial influence
Characteristic
Negative influence
Positive influence
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All figures, unless otherwise stated, are from YouGov Plc.
Total sample size was 2,028 adults aged 18 to 34 (Millennials) and 2,047 adults aged 35 to 55 (Generation X). The figures have been weighted and are representative
of 18 to 34 GB adults and 35 to 55 GB adults.
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Experian. (January 21, 2016). Financial management behavior of Millennials in the United Kingdom (UK) as of January 2016, by parent financial influence [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/513788/millennial-generation-money-management-by-parental-influence-united-kingdom/
Experian. "Financial management behavior of Millennials in the United Kingdom (UK) as of January 2016, by parent financial influence." Chart. January 21, 2016. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/513788/millennial-generation-money-management-by-parental-influence-united-kingdom/
Experian. (2016). Financial management behavior of Millennials in the United Kingdom (UK) as of January 2016, by parent financial influence. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/513788/millennial-generation-money-management-by-parental-influence-united-kingdom/
Experian. "Financial Management Behavior of Millennials in The United Kingdom (Uk) as of January 2016, by Parent Financial Influence." Statista, Statista Inc., 21 Jan 2016, https://www.statista.com/statistics/513788/millennial-generation-money-management-by-parental-influence-united-kingdom/
Experian, Financial management behavior of Millennials in the United Kingdom (UK) as of January 2016, by parent financial influence Statista, https://www.statista.com/statistics/513788/millennial-generation-money-management-by-parental-influence-united-kingdom/ (last visited August 25, 2024)
Financial management behavior of Millennials in the United Kingdom (UK) as of January 2016, by parent financial influence [Graph], Experian, January 21, 2016. [Online]. Available: https://www.statista.com/statistics/513788/millennial-generation-money-management-by-parental-influence-united-kingdom/