Surprising 43% mix in UK is financially dependent on someone else

A surprising mix of 43% of the UK population is financially dependent on someone other than themselves, according to new research by Moneyfarm, the European digital wealth manager, and behavioural scienc consultancy Dectech. The breakdown of the figure is 25% of the nation financially dependent on a partner, 17% on parents and 10% relying on other relatives. Research involving 1,504 people polled in September 2021 was conducted by the Behavioural Finance Lab that Moneyfarm is developing with Dectech, a specialist behavioural science consultancy founded at Warwick University. While ...