Did you know that about a third of UK adults are stressed about money ?
Recent surveys have found that financial anxiety affects many adults in the UK today. Money worries are cited as the main cause by those suffering from depression (28%) or anxiety (27%). 26% of those surveyed said that worrying about their finances stopped them from getting a good night’s sleep.
The Money Advice Service reports that one in six adults in the UK is living with debt worries. Their findings reveal that those renting a property are twice as likely as those who own their own homes to feel that their debts are a heavy burden. Around 16 million people in the UK rent their homes with one in four having debts. Those most affected are likely to be aged between 25 and 34.
With mortgage rates remaining low, in many instances the average mortgage payment can be less than the average cost of renting. Anyone renting would be advised to think seriously about the possibility of finding a property to buy. Taking professional mortgage advice would help clarify the position.
As one of the leading IFA practices in Greater Manchester, Logic Wealth Planning has a team of experienced Financial Advisors specialising in Wealth Management. Working closely with clients in the Heywood, Rochdale, Bury and surrounding areas across the North West, we believe that however modest your income may be, when it comes to Pensions, Savings and Investments we provide the very best financial advice, ensuring that your money is working hard for you and allowing you to enjoy a comfortable lifestyle right through to and including your Retirement years. For your first meeting with us – entirely free and without obligation – please call us now on 0808 1234 321. We look forward to hearing from you.