LONDON, ENGLAND, November 20, 2010 (Press-News.org) M&S Money has revealed the results of its latest study which shows that family meetings are back in vogue with Brits who have turned their focus on finances, instead of just the traditional family politics.
The new 'family finance' study shows families across the UK are coming together to discuss everything from holidays and TVs to credit cards and broadband.
The research found that the majority of family households discuss, research and plan how they spend their money together. 59% of families make all their financial decisions together before buying anything.
The study found that one in ten families take the traditional route and seek wisdom from the older generation by involving their own parents in making financial decisions for their household, but parents are increasingly involving their entire families. Children who are under 18 are now commonly involved in decisions regarding buying furniture and clothes, to holidays and cars. Indeed, of those with children at home, 24% said their kids help decide on where to go on holiday, and 44% said their kids help decide on their wardrobe.
Colin Kersley, chief executive of M&S Money, said: "British families are embracing the old adage that 'two heads are better than one'. We've seen a revival of traditional family meetings to discuss what to spend the family cash on. Children and even grandparents are involved in a variety of decisions from fridges to credit cards.
"I think this is a really positive move for the nation's families - the idea of getting together as a team and playing a part in crucial decision making together is a wonderful development. Being open and honest about family finances can only bode well, opening up the next generation's eyes to running a household's finances."
When it comes to the crunch of actually paying, 31% of couples will split the bill - sharing the cost fairly. The research found this is most likely to happen in Wales (44%), whereas only 23% of Londoners who hold family meetings to decide on how to spend their cash go on to share the cost.
However, the study also found one in five women in relationships do all the research, make the final decision and fund the purchase - with only a small proportion (4%) handing over total responsibility to their partner.
Notes to Editors:
Opinium Research carried out an online poll of 2001 British adults from 25th to 30th August 2010. Results have been weighted to nationally representative criteria.
About M&S Money:
M&S Money (the trading name of Marks & Spencer Financial Services) was founded in 1985 as the financial services division of Marks and Spencer Group plc, making 2010 the company's 25th anniversary.
The company is a top-ten credit card provider and the second-largest travel currency retailer in the UK. M&S Money also offers a range of insurance cover, including home and contents insurance, car insurance and travel insurance cover, as well as loans, savings and investment products.
In November 2004, Marks & Spencer sold M&S Money to HSBC. HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 8,000 offices in 88 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,364 billion at 31 December 2009, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'. M&S Money has an executive committee comprising an equal number of representatives from HSBC and Marks & Spencer.
Website: http://money.marksandspencer.com/
M&S Money Study Discovers the Return of Family Meetings
M&S Money study shows the return of family meetings with finance topping the agenda for 2010.
2010-11-20
ELSE PRESS RELEASES FROM THIS DATE:
The National Trust Museum Generates its Own Income Via Solar Cells
2010-11-20
The National Trust's carriage museum at Arlington Court is now generating its own income following one of the UK's largest installations of photo-voltaic (PV) cells on a historic building.
The 113 m2 installation near Barnstaple in Devon will generate up to 6.3 megawatt hours (mWh) of energy each year, saving the museum about GBP600 from its electricity bill and generating income of around GBP2,270 per year by feeding energy back into the grid.
The project has been funded by sales of National Trust Green Energy which is supplied by the charity's energy partner, ...
2entertain Announces the Release of the New Michael Parkinson DVD
2010-11-20
2entertain has announced the release of The Michael Parkinson Collection. The DVD will feature Parkinson's personal choice of the best moments from over 2000 interviews from the entire back catalogue of Parkinson.
With a career spanning over 40 years, Michael Parkinson is the most successful and recognised interviewer in the country and one of the nation's favourite television personalities. For the first time ever BBC DVD offers The Michael Parkinson Collection DVD available from 22nd November.
The DVD allows viewers to watch Parkie's career, all hand-picked and ...
Littlewoods Europe Announces Launch of #Wordless Wednesday Competition
2010-11-20
Littlewoods Europe has announced it will be launching a #wordless Wednesday competition on its blog in the weeks leading up to Christmas. The competition will run weekly on the Littlewoods Europe blog, and customers can enter by simply following the blogs and leaving a comment.
Wordless Wednesday sees Twitter and blog users posting pictures to their accounts which require no words as way of an explanation. Wordless Wednesday is similar to other Twitter themed days such as Travel Tuesday and Follow Friday.
As part of the competition, Littlewoods Europe will be posting ...
British Airways Celebrates Anniversary of London to New York Business Class Service
2010-11-20
British Airways celebrates the one-year anniversary of the London to New York, business class-only flights to New York.
To mark this occasion, the airline took a two-man film crew from BBC's Fast Track programme, which broadcasts on BBC World and the BBC news channel, to film the service from beginning to end. A British Airways spokesman was onboard together with a British Airways gold card holder and frequent flier, who provided interviews from the customer's perspective.
British Airways launched the first ever long-haul Club World service from London City airport ...
2entertain Announces Release of the New Eddie Izzard DVD
2010-11-20
2entertain has announced the release of 'Believe: The Eddie Izzard Story' on DVD. The DVD features a feature length documentary which shows clips from Eddie's comedy shows, such as 'Dressed to Kill' and 'Sexie', alongside backstage moments as Izzard brainstorms his latest comedy act from scratch.
This new Eddie Izzard DVD gives the viewers insight into the much loved comedian's life, and will be available on DVD and from iTunes from 22nd November.
Director Sarah Townsend revisits Izzard's remarkable life by weaving a multi-layered tapestry around Eddie's own confessions ...
CSA 2010 and Compliance Safety Systems, What You're Not Being Told About CSA 2010
2010-11-20
As I, David Saunders, have been serving on the ATA CSA 2010 Task Force Committee, I have come across a reoccurring issue that has me troubled.
Facts show Motor Carrier industry leads FMCSA by a score of "60" to "Zero" and the Public Citizens are in disbelief as the watch these scores unfold.
Ordinarily in sports the higher the score, the more you are winning, but with CSA, the higher the score, the more you are losing, and no one likes a losing team, especially the fans, known as the public.
As I continue to almost read daily in any given press release or article ...
Amazon Women of the World: Unite! Novel Highlights Women's Strengths Instead of Focusing on Their Weaknesses
2010-11-20
In an age where so many self-help books are focused on pointing out women's flaws, one author is using her writing to highlight their many strengths. Lindy Hughes' It Never Stays in Vegas offers a fresh take on the mid-life experiences of women that sits in stark contrast to many of the texts lining the self-help sections of bookstores today.
In her debut novel, Hughes' focuses on providing a realistic portrayal of one woman's middle years' experience that will resonate with many readers. Her characters show the real-life resilience and strength of women, while staying ...
Safa Rashtchy Joins Icanbuy's Board of Directors
2010-11-20
Icanbuy the leading provider of mortgage rates comparison shopping website today announced that Safa Rashtchy, former Managing Director at Piper Jaffray, was appointed to Icanbuy' s Board of Directors.
"Safa has tremendous insight into what consumers are looking for on the Internet. We are very excited to welcome him to Icanbuy's board," said Alex Aydin, Icanbuy's CEO.
"I believe that Icanbuy's innovative technology can transform the way consumers shop for the lowest mortgage rates," said Rashtchy. "I am very thrilled to serve on the board of such an exciting startup ...
Doctoral candidate publishes on graphene's potential with NSF support
2010-11-19
Since graphene was first isolated in 2004 with the help of Scotch tape, researchers have excitedly turned to the material to discover its potential applications. A single layer of carbon atoms whose applications range from ultrafast electronics to biosensors to flexible displays, graphene is strong, light, transparent, and a conductor of heat and electricity. But what can we do with this new material? As researchers across the globe peel away layer after layer of potential application, Milan Begliarbekov, a doctoral candidate at Stevens Institute of Technology, has found ...
Researchers link an African lizard fossil in Africa with the Komodo dragon in Indonesia
2010-11-19
University of Alberta researchers have unearthed a mysterious link between bones of an ancient lizard found in Africa and the biggest, baddest modern-day lizard of them all, the Komodo dragon, half a world away in Indonesia.
Biologists Alison Murray and Rob Holmes say the unique shape of the vertebrae links the 33-million-year-old African lizard fossil with its cousin the Komodo, which has only been around for some 700,000 years.
"The African fossil was found on the surface of a windswept desert," said Holmes. "It's definitely from the lizard genus Varanus and there ...
LAST 30 PRESS RELEASES:
Insulin resistance is linked to over 30 diseases – and to early death in women, study of people in the UK finds
Innovative semaglutide hydrogel could reduce diabetes shots to once a month
Weight loss could reduce the risk of severe infections in people with diabetes, UK research suggests
Long-term exposure to air pollution and a lack of green space increases the risk of hospitalization for respiratory conditions
Better cardiovascular health in early pregnancy may offset high genetic risk
Artificial intelligence method transforms gene mutation prediction in lung cancer: DeepGEM data releases at IASLC 2024 World Conference on Lung Cancer
Antibody–drug conjugate I-DXd shows clinically meaningful response in patients with extensive-stage small cell lung cancer
IASLC Global Survey on biomarker testing reveals progress and persistent barriers in lung cancer biomarker testing
Research shows pathway to developing predictive biomarkers for immune checkpoint inhibitors
Just how dangerous is Great Salt Lake dust? New research looks for clues
Maroulas appointed Associate Vice Chancellor, Director of AI Tennessee
New chickadee research finds cognitive skills impact lifespan
Cognitive behavioral therapy enhances brain circuits to relieve depression
Terasaki Institute awarded $2.3 Million grant from NIH for organ transplantation research using organs-on-a-chip technology
Atoms on the edge
Postdoc takes multipronged approach to muon detection
Mathematical proof: Five satellites needed for precise navigation
Scalable, multi-functional device lays groundwork for advanced quantum applications
Falling for financial scams? It may signal early Alzheimer’s disease
Integrating MRI and OCT for new insights into brain microstructure
Designing a normative neuroimaging library to support diagnosis of traumatic brain injury
Department of Energy announces $68 million in funding for artificial intelligence for scientific research
DOE, ORNL announce opportunity to define future of high-performance computing
Molecular simulations, supercomputing lead to energy-saving biomaterials breakthrough
Low-impact yoga and exercise found to help older women manage urinary incontinence
Genetic studies reveal new insights into cognitive impairment in schizophrenia
Researcher develops technology to provide cleaner energy and cleaner water
Expect the unexpected: nanoscale silver unveils intrinsic self-healing abilities
nTIDE September 2024 Jobs Report: Gains in employment for people with disabilities appear to level off after reducing gaps with non-disabled workers
Wiley enhances NMR Spectral Library Collection with extensive new databases
[Press-News.org] M&S Money Study Discovers the Return of Family MeetingsM&S Money study shows the return of family meetings with finance topping the agenda for 2010.