Parents across the UK are increasingly risking their own financial resilience to support their adult children, according to new research from Aldermore Bank’s latest Savings Tracker¹, highlighting the growing financial pressure facing families across generations.

The findings reveal that parents of adult children have given an average of £8,096 from their savings to provide financial support. While nearly half (44%) have contributed up to £5,000, one in ten (10%) have handed over significantly more - between £10,000 and £30,000, underlining that for many families this support is becoming an ongoing financial commitment, rather than a one-off gesture.

This financial support is having a tangible impact on parents’ own security. Over a quarter (27%) say helping their children has significantly reduced their personal financial safety net, raising concerns about long-term resilience, and potentially leaving them more exposed to unexpected costs or retirement shortfalls.

Supporting children through rising costs

The research highlights that parents are stepping in largely to help their children cope with ongoing financial pressures, particularly rising living costs and barriers to home ownership.

Among those who have dipped into their savings:
12% have helped their child get onto the property ladder
11% have supported everyday expenses such as food, utilities and travel
9% have provided general financial support, linked to the rising cost of living


The research underscores the persistent barriers younger generations face in achieving financial independence, from high house prices to wage stagnation and ongoing inflationary pressures.

Guilt and concern shaping behaviour

Emotional factors are also playing a key role. Nearly half (45%) of parents do not believe their children will be able to afford a home without financial support, while 42% say they feel guilty that their children may be financially worse off than they were at the same age.

These attitudes are contributing to a growing trend of parents prioritising their children’s financial wellbeing over their own long-term security. For many, helping their children now feels essential to giving them the opportunities previous generations were more easily able to access.

We’re seeing a clear shift in how families are supporting each other financially. Parents have always wanted to support their children but the scale of financial help we’re now seeing highlights just how tough the current environment is for younger people. It’s crucial that young adults feel supported to build their own financial resilience so they don’t have to rely on parents in the long term. Whether that’s saving regularly, budgeting confidently or accessing guidance, small steps can make a meaningful difference over time.

While this support can make a real difference, it’s important that parents don’t lose sight of their own financial resilience. Striking a balance between helping family and protecting your own future is key.