Parents still making investments for their children's future, survey finds

Fri, 10 Oct 2008

Parents are cutting back on luxuries to provide a secure financial future for their children, according to one investment firm .

A study conducted by child trust fund provider Family Investment, reveals that 83 per cent of parents are cutting spending on beauty products, while 81 per cent are reducing the amount of clothes they buy.

The investment company found that "only" six per cent of people are not prepared to change their spending habits at all when it comes to saving for their child.

Kate Baker, head of savings and investments at the company, said: "Despite the strain of the current economic climate, 85 per cent of parents will be continuing to top up their child's trust funds by the same amount, it's just a matter of cutting back on little luxuries."

Recently, Chris Palmer, head of Global Emerging Markets at Gartmore, claimed that investments in up and coming nations are still good value over the long term.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

 

 

Investments Newsletter

Investments Newsletter