People are, in general, taking longer to hit life's milestones, official data suggests. Here Laura Suter explains why it could have big implications for financial planning...
It might not come as a surprise to lots of people, but we're doing everything later in life. From starting work to getting married, buying a home or even retiring, we're hitting all of these milestones later than people did a few generations ago. That was the conclusion of some data from the Office for National Statistics (ONS) released recently. In one of its periodic publications that comes out every few years, the data looks at the age we hit different milestones through life. It bases the age on the point where more than half of people are hitting that milestone. So it begins with...
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