A new study reports that one in four adults who receive money from parents get more than £10,000, highlighting the scale of financial support often described as the “Bank of Mum and Dad.” The reporting notes that recipients use the funds for different purposes rather than a single goal.
Across the coverage, outlets say some people use parental support toward buying homes or getting onto the property ladder. At the same time, other recipients report using the money for day-to-day expenses, indicating that household support can function as regular financial help rather than only a one-off contribution.
Both sources focus on how frequently adults receive parental payments and the typical size of those transfers for a substantial share of recipients. They emphasize that while home-related spending is part of the picture, assistance with everyday living costs is a prominent reason adults receive money from parents.
