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Singletons 'worried about finances'

Singletons 'worried about finances'

Singletons 'worried about finances'Thursday 18th December 2008

A new survey has indicated that many single people feel financially vulnerable and at risk of debt.

Research from insurance firm Zurich reveals that many British singletons worry about the financial implications of being without a partner, but very few of them seek advice about their situation.

The study shows that 35 per cent of unattached people in the UK are concerned about the cost of the single life, while 70 per cent have never consulted a financial adviser.

Tony Solomon, business development director at Zurich UK Life, said: "The research has demonstrated that there is a real need for financial advice, particularly among people who are single.

"The fact that more than a third of single adults worry about the added financial cost of being single suggests that being single in this current economic climate may be more fretful than fabulous."

According to figures from Credit Action, total personal debt in the UK reached £1,455 billion at the end of October.

News article brought to you by Debt1 - UK debt management specialists.
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