Small loans (IOUs) lending to children in the United Kingdom (UK) 2014, by purpose

This statistic shows the distribution of small loans ("I owe you"s, IOUs) from parents to children aged over 18 in the United Kingdom as of 2014. Although loans go the other way too (children to parents), they are less common. Lending to children focuses on necessities rather than leisure. According to the survey, 20 percent of lending is with the purpose of paying bills and 21 percent for household costs.

Distribution of small loans (IOUs or "I owe you"s) lending from parents to children in the United Kingdom (UK) in 2014, by purpose of loan

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Sources

Release date

April 2014

Region

United Kingdom

Survey time period

February and March 2014

Number of respondents

2,807 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

Research included the quantitative component (online survey) as well as the qualitative component (twenty in-depth phone interviews).

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Statistics on "Family financial support in the UK"

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