Families holidaying together urged to check travel insurance

Thu, 02 Oct 2008

There has been a revival in family trips recently as adults try to save money in the current credit crunch, according to new research from Saga .

The insurer found that almost half (44 per cent) of people in their late 20s are going back to taking holidays with their parents in order to save money . Over a third of adults (36 per cent) said that saving money and having free childcare from their own parents were the reasons for going back to having family holidays later in life.

The average age to return to holidaying with parents was found to be 29. The importance of checking which travel insurance policy was most suitable for such a holiday was stressed by Saga. Andrew Goodsell, chief executive of Saga, said it was "encouraging" that the credit crunch could mean families spend more time together.

It has been suggested by M&G Investments that long-term regular investments in actively managed funds are best way to help finance children as they go to university and marry .
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