When we think of a typical life, several important financial milestones come to mind. Getting married, buying a home, having children. All of these are big steps in life and can have significant financial implications. But with the increasingly expensive cost of living and buying a home, many people are delaying these milestones until later in life. New research from insurer LV= shows that people in their early thirties are putting off the big life milestones, as a result of being in one of the least financially resilient groups in the UK.
Lack of financial resilience leads to life milestone delays
This 741 word blog post explores how a lack of financial resilience is preventing people in their 30s from embarking on major life milestones, such as buying a house, getting married or starting a family. Written on 9th August 2018.