A large proportion of grandparents thought a recession would be good for their “snowflake” grandchildren, as a new survey revealed 35% had loaned them money, with only half of the cash repaid in full.

Grandparents have given over £37bn to their grandchildren, with 23% saying this money was being spent on education.

Grandparents are missing out on thousands of pounds in National Insurance credits, new figures suggest.

New research has found that the vast majority of grandparents want to leave their grandchildren a legacy and most want to ring-fence the money but they do no trust their children to pass on the money to their grandchildren.