Lower-income households are using savings and borrowing more during the coronavirus lockdown according to research by the Resolution Foundation. In fact, poorer families are twice as likely as richer ones to have increased their debts during the crisis. By contrast, richer families are actually saving more because they’re not able to eat out or go on planned trips abroad. Just one-in-eight high-income households have increased their use of consumer credit Read More….
Month: June 2020
As many as 1.5 million workers could delay their retirement as a direct result of the COVID-19 pandemic, according to Legal & General (L&G) Retail Retirement. Research found that 15 per cent of over 50s still in work will push back their retirement date by an average of three years. However, 10 per cent admit they could delay their plans by five years or more. Over a quarter of those Read More….
As the world starts to readjust for the long-term consequences of the COVID-19 pandemic, businesses must find ways to guarantee financial stability. For many, this means turning to investors for capital. But why are companies doing this? Should investors take such a leap of faith with their money? And what are the long-term consequences of saying yes or no? Reasons for seeking investment Turning to investors for an injection of Read More….
Even though retirement is a time of life that many look forward to, this doesn’t mean to say you can simply stop working and expect to be taken care of. As you approach your retirement years, it makes sense to get some financial advice and start thinking about your options, as you are bound to be faced by decisions that could determine how much money you will have to live Read More….