INTRODUCTION

COST-OF-LIVING CRISIS DELAYS HOME OWNERSHIP, HAVING CHILDREN AND RETIREMENT

Living costs have risen so dramatically in recent months that most UK households have felt a squeeze on their monthly budgets. This not only has a direct impact on people’s lifestyles, despite their best efforts to cut back, but it also has a knock-on effect on their long-term goals, such as owning a home or retiring comfortably.

Millions of people across the UK fear that the long-term impact of today’s rising living costs could see their life goals delayed or even missed altogether, according to new research[1]. Almost two-thirds (64%), the equivalent of 33 million people across the country, are concerned about the future due to the current state of their finances.

This weeks blog will be looking at the concerns affecting people in the UK and what they are doing to try and lessen the impact on themselves.

Please contact us for more information on how we can help protect your future financial well-being and the options available to you.

Source data: [1] Opinium survey of 4,001 UK adults was conducted between 27–31 May 2022 for
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