Educating your children about careful financial management, whilst encouraging then to save, is widely accepted as part of the modern parent’s role.
However, new research from Santander has shown that millions of parents might not be the best people to be educating their children about careful financial management.
The research, conducted by Santander, has shown:
32% of parents have dipped into their children’s savings to pay for something for themselves
Less than half, 49%, of parents replace the money they take from their children, indeed 15% admit to having no intention ...