One in three give 10% of earnings to mum and dad

A third of people will give part of their income to their struggling parents. Younger people are more likely to give a larger percentage of their cash to their mum and dad than other groups. One in three people would give 10% of their earnings to support their parents and grandparents in retirement, an Aviva study has shown. The insurance company, which polled over 1000 adults, found that participants were willing to give double the amount that the average UK worker invests in their company pension.