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Bank of Grandad and Grandma 'the most generous'.

RETIRED people are the most generous when it comes to supporting charities, according to new research.

The over-65s donate 0.7% of their income despite the fact many are not receiving a wage.

The "Bank of Grandad and Grandma" is known to be increasingly supporting families and grandchildren - and the research from Foresters, a mutual with more than one million members worldwide, found that retired people are also the most likely to support charities.

Over-65s have consistently given the most to charity since the Foresters Charitable Giving Index began collecting data from 2011.

People in that age group estimate they will have donated PS142.53 to charity by the end of 2013, nearly twice as much as the average annual UK donation of PS82.83 (0.3% of income).

And when it comes to giving money on a long-term basis, over-65s are more likely than any other age group to donate via direct debit (37% as opposed to the UK average of 21%).
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Publication:Huddersfield Daily Examiner (Huddersfield, England)
Date:Aug 24, 2013
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