Children 'loaning money to parents'

www.grub4life.org.uk today reports that children as young as eight are loaning their pocket money to their cash-strapped parents, a study has found. 

Some 58% of eight to 15-year-olds surveyed by Halifax said they worry about the state of the family's finances, showing how the intense pressure on household budgets is affecting young people.

Family budgets have been squeezed by high living costs, high unemployment and low wage rises, although there have been some signs of improvement as inflation eases off.

With thanks to the Press Association

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