Posted in News Why the Bank of Gran and Grandad is cutting back September 7, 2025 Retirees currently spend around £2,500 on average every year on younger family members, with £1,175 spent on education and £1,323 on gifts. https://www.dailymail.co.uk/money/bills/article-15072057/Why-Bank-Gran-Grandad-cutting-back.html?ns_mchannel=rss&ns_campaign=1490&ito=1490