Moms Are The Most Generous Fam...

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Moms Are The Most Generous Family Members

Pamela Joyce
Pamela Joyce

8:12 AM - 7 Feb 2019



It happens to the best of us. Towards the end of the month you're a bit strapped for cash and need some financial support.

Well it turns out mum's the word when it comes to loans.

A recent survey of 2,000 people found that mothers are the most likely to lend money to family members.

42% of those surveyed said they had the most luck when asking their mothers for money, with fathers coming in second place at 32%.

But beware moms, it takes on average 11 months for loans to be paid back.

Interestingly, 25 to 34-year-olds are the most trustworthy, repaying loans in 10 months. While 35 to 44-year-olds take the longest to repay any debts at 13 months.

The survey also found that the main reason for borrowing money from family members was to buy a car.



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