OneFamily Press Releases

Press releases and research from OneFamily. The information on these pages is intended for journalists. If you’re not a journalist, visit our Savings Hub for the latest articles.

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Great expectations: teens expect to earn £70k by age 30

13 Feb 2019

Today's teenagers expect to earn £70,000 on average by the time they turn 30 - nearly three times the actual average salary for 30-year olds , and earnt by just one in 20 adults in the country during their entire career .

Time of my life: new retirees spend £5 billion a year on big ticket experiences

30 Jan 2019

New research from financial services provider OneFamily suggests over 65s are vying for the title of ‘experience generation’, with research showing they spend an average of £2,200 a year in the first five years of their retirement - a total spend of nearly £5 billion each year.

Lifetime mortgages popularity soaring amongst wealthier homeowners

12 Dec 2018

According to OneFamily data, the price of a property OneFamily lends on is now 59% higher than average, at £370,483 versus a nationwide price of £232,554.

The trend for increasingly expensive homes being used for OneFamily Lifetime Mortgages demonstrates they are being used as a product of choice in retirement planning for an increasing number of homeowners.

Five million parents admit they aren’t equipped to help teach their kids about money

05 Dec 2018

More than five million parents in the UK say they find it difficult to teach or talk to their children about money because they lack confidence.

According to new research from financial services provider OneFamily, more than one in three (36%) parents struggle to discuss money with their children. Even though nearly all (97%) agree it is important for their children to learn personal finance skills, one in 10 (10%) avoid the subject altogether, even when asked.

Personal finance lessons failing school children

21 Nov 2018

Secondary schools are failing to equip teenagers with the financial capability they will need in the real world, according to research among teachers.

The research, from financial services provider OneFamily, reveals that half (50%) of secondary school teachers rate the personal finance lessons delivered as part of their school’s personal, social, health and economic (PSHE) education as either satisfactory or poor.

Pocket money economy worth £224 million a year

16 Nov 2018

Research from financial services provider OneFamily has revealed that the UK pocket money economy is worth £224 million, with children receiving an average of £359 a year.

On average children get £6.90 a week, starting from the age of five, until the child turns 18. In most families (58%), mum gives the lion’s share , with dad handing out the cash in a third of families (29%) and in one in ten families (9%) it is the grandparents that splash the cash.

As Saturday jobs become a thing of the past teens embrace the gig economy

11 Oct 2018

A Saturday job was once a rite of passage for most teenagers, but today’s generation are opting for informal, short-term ‘gigs’ as they face a decline in opportunities for traditional teenage work.

According to financial services provider OneFamily, the number of teenagers able to secure a part-time job has halved since their parents’ generation. Just one in five (23%) now have an ‘official’ job compared to 43% of their parents. Out of the teenagers that are earning money, the majority (66%) are earning money from doing odd jobs or work with no set hours.

A first-time buyer deposit in half the time, OneFamily reveals a quicker route on to the housing ladder

01 Aug 2018

The number of young people (aged 20-34) living with their parents has increased significantly over the last 20 years as the cost of renting continues to rise . However, research from OneFamily has found that keen savers could use their parents’ generosity and the lower living costs to become homeowners in just four years using a Lifetime ISA.

It’s a family affair: Junior ISA benefitting from multiple investments as friends and family come together to save for children’s futures

09 Jul 2018

OneFamily data has revealed that one in five (18%) Junior ISAs now have more than one person investing in them, as families and friends save together for children’s future.

Nearly £7 billion a year in free Government funding left untouched by first-time buyers

26 Jun 2018

OneFamily research has revealed of the 7.4 million first-time buyers in the UK eligible for a Lifetime ISA , only one in twenty (6%) are taking advantage of the additional £1,000 savings top-up a year being offered by the Government.