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Our biggest financial regrets? Not saving enough and getting divorced

Written by: Paloma Kubiak
Not saving enough money and getting married - and then divorced - are among our biggest financial regrets, according to new research.

In a survey that asked 2,000 people what their biggest financial mistakes were, the vast majority (59%) said they wished they had saved more, generally into a pension.

For 7%, getting married and subsequently divorced was their biggest financial blunder. This figure jumped to one in ten for the over 40 age group.

Some 15% regretted getting into debt and 11% were disappointed they hadn’t earned more money.

Just 5% said they’d not made any financial mistakes.

Mark Stopard, head of product development at Partnership, said:  “Indeed not saving enough, especially into a pension, was the main regret for all age groups – a problem which implies that either they do not earn enough or that they don’t have a firm handle on their finances.  While it is relatively easy to make minor financial errors, that one in 10 people cite issues around salary and employment levels adds weight to the first argument and is worrying as it suggests that for some ‘mistakes’ are almost unavoidable.”

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