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This 558-word blog post reports on new research from equity release lender more2life and economics consultancy Cebr which found that the older generation is being more cautious due to economic uncertainty.
Written on 22 July 2020.
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Coronavirus-related caution could result in the over 55s borrowing £19 billion less during the next two years.
New research from equity release lender more2life and economics consultancy Cebr found the older generation is being more cautious due to economic uncertainty.
This financial caution manifests itself in cutting back on buying big-ticket items including cars.
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