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

Chesnara to close HSBC Life UK to new protection business

Chesnara to close HSBC Life UK to new protection business

Follows £260m acquisition

Jaskeet Briah
clock 04 February 2026 • 3 min read
Targeted support: FCA opens door to protection inclusion

Targeted support: FCA opens door to protection inclusion

Could help address protection gap

Cameron Roberts
clock 29 January 2026 • 2 min read
FCA Pure Protection Market Study: No interventionist remedies proposed

FCA Pure Protection Market Study: No interventionist remedies proposed

The regulator pledged to release its final report in Q3 2026

Cameron Roberts
clock 29 January 2026 • 4 min read