1 in 6 UK adults in their early 30’s are postponing either buying a home or having a family due to fears about the financial impact on their lives!! According to a recent YouGov survey.
Nearly one-quarter (24%) of 30-35 year olds said they were concerned about the financial impact of major changes in their circumstances with 17% saying they had postponed having a child or buying a home! Other analysis by insurer LV also reports that 43% of this age bracket has no confidence about handling a personal financial crisis with 73% not having sufficient emergency funds as per guidelines from the Money Advice Service!
What can be done? Engaging a professional financial adviser is key and here at Financial Fortress, we will help you build your wealth from scratch ensuring any financial worry is taken away. In the earlier years putting in life insurance policies and regular savings plans or pensions may be important whereas in later life when your wealth is built we will assist by protecting it from unnecessary taxes and making sure it lasts!