Major life decisions increasingly being put on hold: LV=

Women found to be struggling more

Jaskeet Briah
clock • 2 min read

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...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Cost of Living

Cost of living tops UK concerns: ONS

Cost of living tops UK concerns: ONS

NHS and economy also listed

Cameron Roberts
clock 17 April 2025 • 2 min read
Economic inactivity falling: ONS

Economic inactivity falling: ONS

21.4% in latest quarter

Cameron Roberts
clock 15 April 2025 • 2 min read
Employment support reform for UK

Employment support reform for UK

Get Britain Working whitepaper

Cameron Roberts
clock 26 November 2024 • 3 min read