UK: Confidence in Finances Falls Among 45–54 Age Group

 

A recent survey conducted by Newcastle Building Society reveals that consumer confidence in long-term financial prospects has declined significantly among those aged 45 to 54. Yahoo Finance

One in Five Uncomfortable Discussing Money

About 20% of respondents in that age bracket admitted they don’t feel comfortable talking to anyone about their financial concerns, indicating emotional or psychological strain associated with managing money. Morningstar Global

Pressures: Mortgage, Retirement, and Debt

The survey suggests many in the 45–54 group are anxious about paying off mortgages, ensuring adequate retirement funds, and managing debt. These pressures are magnified by economic uncertainty, inflation, and evolving tax policies. Morningstar Global

Broader Implications for Financial Planning

This trend signals greater demand for financial advice, coaching, and mental health support tied to money issues. Financial services firms may need to better address emotional as well as technical aspects of money management.

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