People are delaying significant life decisions as financial struggles have jumped for 42% of adults, compared to 29% a year ago, research by LV= found.
The Wealth and Wellbeing Research Programme surveyed 4,000 adults and found that people are delaying decisions on getting married (9%), having a child in the next year (9%), buying their home (11%) or purchasing a car (13%). Many of these life events are typically the point in which consumers first engage with protection products, however these decisions are being delayed further due to the ongoing cost of living crisis. As such, those surveyed are cutting back on leisure activities and are instead taking fewer holidays or days out (24%), turning to cheaper brands (33%), using their s...
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