Those who are having difficulty keeping up with their home or car insurance bills may soon find they receive help from their children when it comes to covering the costs.
New research by Engage Mutual has found that eight out of ten 18 to 24 year olds are already helping their parents to pay utility bills.
This figure is 50 per cent higher than last year and the average amount donated over the past six months was £422.
Furthermore, the study found that seven per cent of younger people are supplementing their parent's incomes and pensions.
Karl Elliott, 3GB spokesperson for Engage Mutual Assurance said: "As financial pressures grow, family generations are increasingly turning to each other for support in making ends meet. Our research has shown that many young Britons are sharing the burden."
Meanwhile, Fool.co.uk has found that one in 20 Brits do not understand their utility bills.
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