Gen Yers attempting to fly the nest are finding themselves spending more than half of their income on rent. Rising house prices and the recession have forced the 'boomerang generation' to either stay with their parents or cut their budgets for shopping and social experiences.

Millennials are generally seen as the risk-taking, hedonistic generation, but research shows that they may feel more burdened than previously thought. Like all other generations, financial security is top of their list, with paying off debts being their biggest priority.

Are Gen Yers splurging their cash when they should be saving? Are they really saying no to home ownership? Do they actually have no use for brick-and-mortar bank branches? Canvas8 sat down with British men and women between the ages of 18 and 35 to find out where their cash really goes.

House prices are soaring, and the average age of a first-time buyer is now 35. Student debt and a highly competitive job market is forcing 36% of Millennials to live with their parents. The Barclays Family Springboard Mortgage has a solution: borrow from the bank of mum and dad.