BABY BOOMERS ARE A GENEROUS GENERATION

Friday 29 June 2012

Roger Ramsden, Chief Executive, Saga Services said:

BABY BOOMERS ARE A GENEROUS GENERATION


“Saga’s experience is that baby-boomers are reinvesting the money they have earned during the housing boom to give their children or grandchildren a leg up in life. On average one in seven of Saga’s Equity Release customers released £27,000 from their home to give to family members in the first half of 2012. They are using this money to help family members in a variety of ways. This includes putting a foot on the property ladder, clearing mortgages and paying for university fees. This is up by approximately £5,000 from last year highlighting that this generous generation are giving more as the economic crisis continues.”

 

ENDS

Share this page

Get In Touch

The Saga Group Communications Team only deal with enquiries from the media.

If you're not a journalist, visit our contact us page for a full list of telephone numbers.