Bank of Mum and Dad is dividing a generation

The Times' Lara Bowman examines how the growing influence of the "Bank of Mum and Dad" is reshaping financial and social dynamics among Britain's younger generations. As soaring property prices far outpace wages, increasing numbers of young buyers rely on parental support to secure homes, deepening inequalities even among peers with similar incomes. While some openly acknowledge family help, others grapple with guilt, embarrassment, or strained friendships as disparities widen. Recent studies show that inheritance and parental gifts now play a far greater role in wealth accumulation for millennials than for previous generations. With house prices nearing nine times average earnings in England, experts warn that family wealth, rather than professional success, is becoming the key determinant of financial security. 

The Times (14/06/2025)