banking

• Savvy kids and teens have saved 145% more than last year
• Four in 10 young people (42%) are now more likely to start saving early to fund big life events
• Over half (52%) of UK parents are unable to contribute to their kids’ financial future

The increasing financial freedom of UK kids is set to put the bank of mum and dad out of business, according to...

The cost of raising a child from infancy to adulthood could fluctuate by as much as £8,000 year-on-year, totalling almost a quarter of a million at £214,155.16 over the first 21 years .

According to NatWest Premier, there are two distinct life stages, the ‘Twos and Teens’, which represent the biggest financial icebergs for parents.

Children aged between one and three cost parents the...