Men more in need of debt advice - study

clock

Women are more likely than men to make financial cutbacks to help them survive the recession, research suggests.

A study by Legal & General (L&G) assessed the actions of more than 4,000 Brits to see what actions they are taking to manage their budgets. While 60% of women said they are curbing their high street expenditure, just 47% of men said they are doing the same. Elsewhere, 56% of women and 41% of men are spending less on the weekly shop. "The current economic climate is having an effect on most of us," L&G general insurance marketing director Garry Skelton says. "While Brits are shopping around and cutting back, it's important to ensure that any compromise does not mean losing someth...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

The family tree: Protection through the generations

The family tree: Protection through the generations

Protection needs during different life stages

Gregor Sked
clock 04 December 2024 • 4 min read
Protection: Should our finances be single or joint?

Protection: Should our finances be single or joint?

Single policies typically offer greater value and more flexibility

Kevin Carr
clock 02 December 2024 • 4 min read
Record protection payouts must spur advisers on

Record protection payouts must spur advisers on

These aren't products that sell themselves

Ahmed Bawa
clock 01 November 2024 • 5 min read