Indeed the research found that more men are still living at home with their parents than their female counterparts, with more than half a million more adult males (2.29 million), compared to females (1.6 million).
The desire amongst women to be financially self-sufficient is clear too, with 20 per cent striving for this. This desire increases with each generation. 23 per cent of 18-24 year old women want to be ‘completely self-sufficient' compared with 21 per cent 25-34 year olds and just 18 per cent of 35-44 year olds. Only one per cent of 18-24 year old women believe their partner should provide the entire income for the household, compared with five per cent of 25-34 year olds.
Sally Watts, head of marketing at Cater Allen, commented: "This is a reflection of the increased wealth, influence and financial independence of women, which is evidenced by the take up of Cater Allen's private banking services. The fastest growing demographic in our customer base is women. And as women become increasingly financially independent and wealthy, we expect to see more women opting for private banking services."
