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with help from
Government Legislation

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Money problems within households around the UK are leading to a rise in what Prudential has described as a "3G families".

According to a report from the financial services firm, an increasing number of families can only afford to get by if three generations of the same family live under the same roof.

There are now thought to be almost 80,000 British families who fall into this category and the money problems faced by consumers of all ages are expected to see this number increase in years to come.

Reflecting on the research, Gary Shaughnessey from Prudential said: "For the middle generation the financial drain of providing support for both the younger and older generations could have a detrimental impact on their ability to save adequately for their own retirement."

Meanwhile, Neil Munroe, external affairs director for Equifax, recently suggested that British consumers will find it more difficult to borrow in an effort to solve their money problems.

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