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Young people facing financial difficulties have traditionally turned to their parents to help out but now it appears that the Bank of Mum and Dad is running dry, giving way to the latest lender in town: the Bank of Granny and Grandad. According to UK insurer LV=, 86% of grandparents have given cash and/or loans […]
US TV channel CNBC carried out a poll of 513 millionaires in spring 2014, the results of which make interesting reading and bust some common myths about this wealthy demographic, who represent the richest 8% of the US population. While we may imagine these millionaires are splashing their cash on designer clothes, helicopters and yachts, […]
The reality of income for retirees in the UK is shocking. While the average salary for over-60s in work is £25,480, average pension income is just £8,774, which means that the average retiree is having to survive on less than a third of their working income. That’s a big drop with many not expecting a […]
A recent study by researchers at the University of Michigan Comprehensive Cancer Center highlights just how important it is for women to take out protection to cover themselves against financial hardship should they be diagnosed with cancer. Breast cancer is the most widespread cancer of them all with 235,000 new cases expected in the US in […]
Last week the Office of National Statistics (ONS) released its report on wealth in the UK for 2010-2012. If you are wondering whether the ever-increasing expense of a university education is worth it for your child, one statistic will be of particular interest to you. According to official figures, 20% of university graduates become millionaires. […]