Rise of the Bank of Gran and Grandad: should we be worried?

One year old with grandparents
One year old with grandparents

Research has revealed that nine out of ten grandparents have given cash and loans to their grandchildren in the past two years. And this isn't just a book token at Christmas: they are helping out with major purchases like cars and university fees. The changes to the pension rules mean that in the years to come, grandchildren could come to rely on them even more.

So should we be worried?%VIRTUAL-SkimlinksPromo%

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