The survey, which aired parents' concerns and hopes about Brexit, found that 27 percent felt "not very confident" about the future of the UK economy, compared to 24 percent who said they were "fairly confident" and just 7 percent who felt "very confident."
As the survey questioned 130 parents, just over two-thirds anticipated that they will need to provide more financial support for their offspring than they received from their own parents, whilst rising livings costs dominated the concerns of 77 percent of the respondents.
Simon McCulloch, director at Compare the Market, said that there is a strong sense of "ambiguity around the impact of Brexit."
"What's becoming clear is that while parents across the UK vary in opinion, there is still a strong sense of ambiguity around the impact of Brexit on future generations which, in turn, is generating a general sense of anxiousness amongst UK families," Mr. McCulloch said in a recent interview.
"In fact, we found that over two-thirds of parents from across the country feel that we are living in a period of economic uncertainty. What we can be certain about however is that, given this sentiment, it's likely that many parents will be watching their wallets even more closely over the coming months," Mr. McCulloch added.
The survey also found that one-fifth of young parents aged 18-34 were unsure of what a post-Brexit Britain could mean for their children, while 19% believed there would be "more opportunity for employment."
Parents financially support children into their 30s https://t.co/a5QHEm6xE1— Stowe Family Law LLP (@StoweFamilyLaw) January 3, 2016
Parents were generally pessimistic about their children's future, as well as the rising cost of holidays and increase in shopping bills. Almost 40 percent of parents anticipate difficulties in traveling or working within the EU.
According to the survey, almost two-thirds of parents believe healthcare should top the government agenda, while Brexit and the cost of living should be prioritized over education.