A number of different factors, including those about their children's education and saving for retirement, bring financial worries for parents, it has been claimed.
According to Anna Sofat, a director at Addidi Wealth, there are a number of different factors that bring concerns to parents, but these are not related to the ongoing effects of the credit crunch.
"The parental worry is not an outcome of the credit crunch. It's much more to do with two other factors. The first is education ... [and] the other reason is saving for retirement," she said.
Currently some 40 per cent of parents admit to worrying that it will be their responsibility to help children pay off debts when they are older, Skandia found.
Research conducted by the company found that the number of first-time buyers has fallen by some 41 per cent since May 2007 and that prices are still high relative to income.
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