The UK's 'Super G' Grandparents Give £6.4bn to their Grandchildren
UK grandparents are Super Generous (‘Super G’) when it comes to giving money to their grandchildren, with £6.4bn gifted in the past year to those under 18 years, according to new research from Orbis Access. On average, grandparents said they gave all their grandchildren a total of £547 in financial gifts over the past year, or £209 per grandchild. Among the gifts given are cash, contributions to hobbies, school fees and savings and investments made on their behalf.