The risk a triple-dip recession could hit people's finances is a big worry to about a quarter of consumers, research from the Institute of Financial Planning (IFP) has revealed.
More than a quarter (26%) of Britons said they feared a prolonged period of negative growth would impact their finances. Of these respondents, over-55s were most concerned (35%), while 30% of 45 to 54-year-olds cited it as their main worry. A fifth (21%) of over-55s also expressed their apprehension about rising inflation and the danger of it denting the value of savings. More than a third (36%) of 18 to 24-year-olds polled, meanwhile, have cited rising unemployment as their biggest fear regarding the state of the economy. The research on 1,008 adults added that women overall (...
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