Vulnerability Index shows protection needs shoring up - Genworth Financial

One in five households are now classed as financially vulnerable, the fourth Genworth vulnerability index has found. People under 30 and those with families have been increasingly financially vulnerable over the last four years. The proportion of vulnerable households has increased on average every year, with 20% of respondents in 2010 falling into this category, compared to 8% in 2007. In addition, a regional split has emerged, with those in the south feeling worse off than in the north. Peter Barrett, senior vice president of lifestyle protection at Genworth Financial, commented...