Financial Meltdown Looms for One in Ten as Cost of Living Soars

Financial meltdown looms for one in ten as cost of living soars

Surging mortgage costs and hikes to bills has left 9% of adults facing a financial crisis, according to a report from pension firm Royal London.

One in ten on the brink of financial crisis - Credit Connect

A large number of people across the UK report facing financial hardship, with one in five adults having less than £100 in cash savings, a figure that has remained unchanged for two years, according to research by Royal London. With little or no financial buffer, individuals are highly vulnerable to rising costs and unexpected expenses. The report also found that one in ten (9%) are on the brink of a financial crisis and 2% are already in one. Mi…

Budget Recovery Strategies After Unexpected London Expenses

Living in London comes with unique financial challenges that can quickly throw even the most disciplined budget off track. From surprise transport delays and housing issues to sudden health costs, residents often find themselves managing expenses they didn’t anticipate. When these setbacks strike, swift recovery becomes essential to avoid long-term financial strain. The key lies in developing flexible strategies that help stabilise spending, tap…

One in 10 Brits on the brink of financial crisis

As high prices and rising bills persist, almost one in 10 of us say we are on the brink of financial crisis, according to figures.

Royal London financial resilience report: nearly one in ten are on the brink of financial crisis as high costs persist - IFA Magazine

Large numbers of people across the UK say they are facing financial hardship, according to Royal London’s latest Financial Resilience Report.   One of the most concerning findings is that one in five adults have less than £100 in cash savings, a figure that has remained unchanged for two years. With little or no financial buffer, these individuals are highly vulnerable to rising costs and unexpected expenses.  The report also found that:  ·     …