“I think it’s all down to one singular thing – the lack of housing supply.”

Even with the help of the Bank of Mum and Dad – which not everyone has the luxury of relying on – the average first-time buyer in London is still required to save as much as £36,000 to purchase their first property, research by estate agents Yopa has found.

Across Britain, the average first-time buyer home currently costs £237,655, meaning buyers need to put down £35,648 for a 15 per cent deposit.

Analysts found the average family contribution towards a purchase is £25,600, leaving buyers across the UK needing to stump up £10,048 to cover the full deposit.

Adam is calling for more financial education for young children and thinks housing-focused financial literacy would greatly benefit the next generation.

Thanks to campaigning by Martin Lewis, and a textbook the Money Saving Expert founder funded, financial education is now taught in secondary schools. However, teaching financial literacy is still not in primary school curriculums.

Adam is campaigning for financial literacy to be added to the primary school curriculum, and said: “By teaching young children about property or money, or budgeting and saving, you’re instilling all of those values that you would hope to have when you have reached the adult age of being able to afford a property or rent.

“Financial education is such a big thing.”

Adam remembers learning about algebra and historical events during his time at school but says he wasn’t taught about debt and investing.

He said: “You learn about all these different things, and the thing that you need most in your adult life when you leave school, is just how to live, how to budget, how to save, how to buy stuff, how to invest, how to how to make your money work for you instead of you working for money.”

So, what does he think parents and grandparents can do to help people get on the property ladder?

Conscious not everyone can withdraw money from the “Bank of Mum and Dad”, he emphasised the importance of leading by example and talking about saving with the child from a young age.

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He suggested giving the youngster some pocket money could help teach good savings habits.

“You’re almost challenging the child to think by themselves about what they would do with their money. Starting out at a young age is so, so important,” Adam said.

The broadcaster went on to highlight how parents and grandparents could consider setting up a tax-free savings account while the child grows up.

A Junior ISA is a savings account and any interest earned from the account is tax-free.

The child can take control of the account when they turn 16 but can’t access the funds until their 18th birthday.

In the 2024/25 tax year, the amount that can be deposited into the account is £9,000.

“A Junior ISA isn’t something that you need to pour thousands of pounds into,” Adam said.

“You can open it up and put in whatever you want, whatever the parent or grandparent wants.”