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UK singletons don’t worry about money

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1 in 10 UK singletons are out of control of their finances according to research by IFA Promotion, which promotes the use of independent financial advice. And it says that over half of UK adults (24 million people) refuse to cut back on spending to save more for retirement.

A significant 41% of singletons have already suffered a financial crisis at some point in their lives, compared to 28% of married people. However, nearly three quarters (70%) claim they cannot currently save a penny more than they currently do. This is despite the widely reported UK savings gap and the possibility of a rising state retirement age.

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