{"id":204860,"date":"2018-08-13T08:25:26","date_gmt":"2018-08-13T07:25:26","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=204860"},"modified":"2025-01-06T13:22:28","modified_gmt":"2025-01-06T13:22:28","slug":"press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back","title":{"rendered":"Brits lent \u00a316.6 billion to friends and family last year but over half don\u2019t think they will get it all back"},"content":{"rendered":"<ul><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Brits loaned \u00a3320 each to friends and family last year<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u00a39.1 billion is at risk of not being repaid and \u00a31.7 billion has already been written off<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Millennials are twice as likely to lend money than baby boomers (67% v 34%), but are giving away more than four times less (\u00a31,489 v \u00a3300)<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">13 August 2018, LONDON \u2013 Brits loaned \u00a316.6 billion to friends and family last year, at an average of \u00a3320 per person. However, over half (55%) don\u2019t think they will get all of their money back according to new findings from personal finance comparison website <\/span><a href=\"https:\/\/www.finder.com\/uk\/\"><span style=\"font-weight: 400;\">finder.com<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p><p><span style=\"font-weight: 400;\">With only \u00a37.5 billion already returned or expected back in full, this means generous Brits are at risk of losing \u00a39.1 billion to \u201cmates\u2019 rates\u201d. Already, 1 in 10 people who lent money have ruled out getting a single penny back \u2013 writing off \u00a31.7 billion in the process.<\/span><\/p><p><span style=\"font-weight: 400;\">The study<\/span><span style=\"font-weight: 400;\"> found that 24.5 million Brits lent over \u00a310 to someone at least once throughout the year, including 620,000 particularly charitable people who parted with more than \u00a310,000.<\/span><\/p><p><span style=\"font-weight: 400;\">While millennials were almost twice as likely as baby boomers to have lent cash at least once last year (67% vs 34%), their older counterparts lent a much higher average of \u00a31,489 compared to \u00a3300.<\/span><\/p><p><span style=\"font-weight: 400;\">Women are more prepared to loan money to friends and family, with half (50%) doing so last year compared with 44% of men. The amount they lent was also higher (\u00a3715 v \u00a3631).<\/span><\/p><p><span style=\"font-weight: 400;\">People from Scotland are the least likely to receive all of their money back (62%), and this is followed by those in South-East England (60%) and the West Midlands (60%). Over half (54%) of East Anglians have already got all of their money back, making this the most successful region at recouping loans.<\/span><\/p><p><span style=\"font-weight: 400;\">For a regional map of lending comparisons, more in-depth statistics and borrowing comparisons, visit<\/span><span style=\"font-weight: 400;\"> https:\/\/www.finder.com\/uk\/mates-rates<\/span><\/p><p><span style=\"font-weight: 400;\">Commenting on the research, Jon Ostler, UK CEO at finder.com, said: \u2018\u2018It\u2019s great that so many selfless Brits are helping out friends and family, but it\u2019s important to be realistic about the chances of being paid back. If you want to ensure you get the money back, here are three simple steps you can take to increase the chance of this happening:<\/span><\/p><ul><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Make sure the recipient is clear on the amount being lent and the date that you want to be repaid by, maybe confirm your understanding over email<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Agreeing to be paid back in instalments will make it easier for the other person. They could even set up a direct debit to automate the process<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Apps such as LendPal or Splitwise help keep track of personal lending, and they can remind the other person so you don\u2019t have to!<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">\u2018\u2019If you simply aren\u2019t in a position to lend the amount needed, the person asking may have other people they can turn to or they could look at options such as an interest-free overdraft or a 0% credit card.\u2019\u2019<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Brits loaned \u00a316.6 billion to friends and family last year, at an average of \u00a3320 per person. However, over half (55%) don\u2019t think they will get all of their money back according to new findings from personal finance comparison website finder.com .<\/p>\n","protected":false},"author":385,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[3788],"tags":[],"asset_tag":[],"class_list":["post-204860","post","type-post","status-publish","format-standard","hentry","category-media"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brits lent \u00a316.6 billion to friends and family last year but over half don\u2019t think they will get it all back - Finder UK<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brits lent \u00a316.6 billion to friends and family last year but over half don\u2019t think they will get it all back\" \/>\n<meta property=\"og:description\" content=\"Brits loaned \u00a316.6 billion to friends and family last year, at an average of \u00a3320 per person. However, over half (55%) don\u2019t think they will get all of their money back according to new findings from personal finance comparison website finder.com .\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back\" \/>\n<meta property=\"og:site_name\" content=\"Finder UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/findercomuk\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-13T07:25:26+00:00\" \/>\n<meta name=\"author\" content=\"Finder\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@findercomUK\" \/>\n<meta name=\"twitter:site\" content=\"@findercomUK\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Finder\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back\"},\"headline\":\"Brits lent \u00a316.6 billion to friends and family last year but over half don\u2019t think they will get it all back\",\"datePublished\":\"2018-08-13T07:25:26+00:00\",\"dateModified\":\"2024-02-22T12:07:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back\"},\"wordCount\":489,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/uk\/#organization\"},\"articleSection\":[\"Media Room\"],\"inLanguage\":{\"@type\":\"Language\",\"name\":\"English\",\"alternateName\":\"en\"},\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back#respond\"]}],\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.finder.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back\",\"url\":\"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back\",\"name\":\"Brits lent \u00a316.6 billion to friends and family last year but over half don\u2019t think they will get it all back - Finder UK\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/uk\/#website\"},\"datePublished\":\"2018-08-13T07:25:26+00:00\",\"dateModified\":\"2024-02-22T12:07:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"UK\",\"item\":\"https:\/\/www.finder.com\/uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Media Room\",\"item\":\"https:\/\/www.finder.com\/uk\/media\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Brits lent \u00a316.6 billion to friends and family last year but over half don\u2019t think they will get it all back\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.finder.com\/uk\/#website\",\"url\":\"https:\/\/www.finder.com\/uk\/\",\"name\":\"Finder UK\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/uk\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.finder.com\/uk\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/uk\/#organization\",\"name\":\"Finder\",\"url\":\"https:\/\/www.finder.com\/uk\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.finder.com\/uk\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2025\/05\/Finder-Logo-696x696-1.png\",\"contentUrl\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2025\/05\/Finder-Logo-696x696-1.png\",\"width\":1392,\"height\":1392,\"caption\":\"Finder\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/uk\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/findercomuk\",\"https:\/\/x.com\/findercomUK\",\"https:\/\/www.linkedin.com\/company\/finder\/\",\"https:\/\/en.wikipedia.org\/wiki\/Finder_(website)\"],\"description\":\"Every month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare everything from bank accounts, personal loans, investing platforms and much more.\",\"email\":\"heythere@finder.com\",\"legalName\":\"Finder\",\"foundingDate\":\"2006-01-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"}}]}<\/script>\n<meta property=\"article:modified_time\" content=\"2024-02-22T12:07:00+00:00\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Brits lent \u00a316.6 billion to friends and family last year but over half don\u2019t think they will get it all back - Finder UK","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_GB","og_type":"article","og_title":"Brits lent \u00a316.6 billion to friends and family last year but over half don\u2019t think they will get it all back","og_description":"Brits loaned \u00a316.6 billion to friends and family last year, at an average of \u00a3320 per person. However, over half (55%) don\u2019t think they will get all of their money back according to new findings from personal finance comparison website finder.com .","og_url":"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back","og_site_name":"Finder UK","article_publisher":"https:\/\/www.facebook.com\/findercomuk","article_published_time":"2018-08-13T07:25:26+00:00","author":"Finder","twitter_card":"summary_large_image","twitter_creator":"@findercomUK","twitter_site":"@findercomUK","twitter_misc":{"Written by":"Finder","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back#article","isPartOf":{"@id":"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back"},"headline":"Brits lent \u00a316.6 billion to friends and family last year but over half don\u2019t think they will get it all back","datePublished":"2018-08-13T07:25:26+00:00","dateModified":"2024-02-22T12:07:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back"},"wordCount":489,"commentCount":0,"publisher":{"@id":"https:\/\/www.finder.com\/uk\/#organization"},"articleSection":["Media Room"],"inLanguage":{"@type":"Language","name":"English","alternateName":"en"},"potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back#respond"]}],"copyrightYear":"2018","copyrightHolder":{"@id":"https:\/\/www.finder.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back","url":"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back","name":"Brits lent \u00a316.6 billion to friends and family last year but over half don\u2019t think they will get it all back - Finder UK","isPartOf":{"@id":"https:\/\/www.finder.com\/uk\/#website"},"datePublished":"2018-08-13T07:25:26+00:00","dateModified":"2024-02-22T12:07:00+00:00","breadcrumb":{"@id":"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.finder.com\/uk\/media\/press-release-brits-lent-16-6-billion-to-friends-and-family-last-year-but-over-half-dont-think-they-will-get-it-all-back#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"UK","item":"https:\/\/www.finder.com\/uk\/"},{"@type":"ListItem","position":2,"name":"Media Room","item":"https:\/\/www.finder.com\/uk\/media"},{"@type":"ListItem","position":3,"name":"Brits lent \u00a316.6 billion to friends and family last year but over half don\u2019t think they will get it all back"}]},{"@type":"WebSite","@id":"https:\/\/www.finder.com\/uk\/#website","url":"https:\/\/www.finder.com\/uk\/","name":"Finder UK","description":"","publisher":{"@id":"https:\/\/www.finder.com\/uk\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.finder.com\/uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.finder.com\/uk\/#organization","name":"Finder","url":"https:\/\/www.finder.com\/uk\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.finder.com\/uk\/#\/schema\/logo\/image\/","url":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2025\/05\/Finder-Logo-696x696-1.png","contentUrl":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2025\/05\/Finder-Logo-696x696-1.png","width":1392,"height":1392,"caption":"Finder"},"image":{"@id":"https:\/\/www.finder.com\/uk\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/findercomuk","https:\/\/x.com\/findercomUK","https:\/\/www.linkedin.com\/company\/finder\/","https:\/\/en.wikipedia.org\/wiki\/Finder_(website)"],"description":"Every month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare everything from bank accounts, personal loans, investing platforms and much more.","email":"heythere@finder.com","legalName":"Finder","foundingDate":"2006-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"51","maxValue":"200"}}]},"article_modified_time":"2024-02-22T12:07:00+00:00"},"custom_fields":{"_content_type":["pr\/public-relations\/media-release"],"_masthead_variant":["{\"id\":\"standard-blue\",\"showFeaturedImage\":false,\"presetId\":\"\",\"shouldUsePrimaryCTAFieldName\":false,\"shouldUseSecondaryCTAFieldName\":false,\"primaryCTA\":null,\"secondaryCTA\":null,\"widgetShortcode\":\"\",\"widgetHeading\":\"\",\"widgetStats\":\"\",\"hasPrioritizedWidget\":false,\"hasMaximizedWidget\":false,\"shouldUseOverrideCTALabel\":false,\"overrideCTA\":null,\"cleanTopPicks\":\"\"}"],"custom_post_template":["page-uk-press-release.php"]},"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/posts\/204860"}],"collection":[{"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/users\/385"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/comments?post=204860"}],"version-history":[{"count":4,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/posts\/204860\/revisions"}],"predecessor-version":[{"id":205301,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/posts\/204860\/revisions\/205301"}],"wp:attachment":[{"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/media?parent=204860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/categories?post=204860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/tags?post=204860"},{"taxonomy":"asset_tag","embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/asset_tag?post=204860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}