Survey: Parents fear children will face more severe financial difficulties than they did

66% of parents believe their children will face more financial difficulties in the future than they did.

New research undertaken by Irish Life has also revealed that 73% of parents are taking measures to assist their children's financial future.

The survey, carried out by Red C, showed that, despite living through a recession, parents still feel their children will suffer more substantial financial struggles.

As well as this 69% of parents are taking proactive steps to teach their children financial sensibility by showing them shopping bills, explaining budgeting and encouraging them to use their pocket money wisely.

When it comes to prioritising children's happiness, parents indicated that the most important thing was to complete their education, followed by financial security.

The survey also showed that a child's personal happiness to precedence over home ownership as almost 45% of people asked said they would like their child to find a soulmate compared to 34% who said home ownership was most important.”


More in this Section

Teenager missing in Dublin for six days

Public appeal for help tracing missing person from Cork

'Help us bring Deirdre home': Father of missing Deirdre Jacob appeals for information in murder investigation

Seize Brexit opportunity to end partition, urges Sinn Féin


Lifestyle

Making Cents: Car insurance travelling in the right direction

Boyzone Farewell Tour: Gettin' the band back on the road

Six things we learned at Music Minds event

Heart and Home festival: The very best of bluegrass

More From The Irish Examiner