Abacus Daily Debt News

Singles ‘worry about finances’

Single people are leaving themselves financially exposed, despite the increased availability of money advice, new research has found.

A study by Zurich revealed that 35 per cent of those without a partner are concerned about the added cost their marital status brings, while 70 per cent of singles are yet to seek advice from an independent financial advisor.

However, the survey also suggested that many are looking to readdress their financial priorities, with 45 per cent understanding the importance of having no credit card debt and 35 per cent agreeing maintaining their savings is also necessary.

Zurich’s Tony Solomon explained that the findings indicated "a real need" for financial advice among singles.

"An independent financial adviser can help to alleviate some of the stress and worry in making short and long-term financial plans, whatever your lifestyle," he explained.

Halifax recently urged those looking to improve their debt management to take advantage of the free financial advice currently available from lenders.

By Tom Musk