Money worries outweigh study concerns for almost half of students
Have you got a child at university? If so, it’s likely, according to a new study1, that they’ll be more worried about the cost of living (a top-rated concern for 47% of students), than their academic studies (26%). Other main concerns of university students in the UK are listed as personal health and wellbeing (10%), next steps following university (9%) and career development (8%).
Loud budgeting – good for your savings?
The viral financial trend ‘loud budgeting’, where people are increasingly open about what they do and don’t want to spend their money on, is enabling people to set boundaries with friends and family. Research2 has shown that Gen Z (aged between 18 and 27) are most comfortable loud budgeting, with 61% happy to have these conversations with friends and 71% with family. Meanwhile 49% of those aged 35 to 54 and 50% of those aged 55+ feel comfortable talking about finances with friends, with 61% of 35 to 54-year-olds and 69% of over-55s at ease discussing financial constraints with family.
1UNiDAYS, 2024
2Standard Life, 2024
The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated.
