Life In Limbo

LIFE IN LIMBO? In a recent survey, two thirds of Brits said that key decisions in their lives, such as marriage andretirement, have been puton hold due to the current economic climate. How The Economy Has This new research commissioned by MSM looks at how we have adapted to Put Our Lives On Hold economic circumstances, and what we are sacrificing so that we can manage. MoneySupermarket com The age group 18-34 is traditionally of 18-34s are putting off having o their first child. Decisions Put 8% a key demographic in terms On Hold by Age of major life choices. Top 10 Decisions Put On Hold (18-34) 13 is the number of years that weddings have been postponed on average 29% 20% 20% 19% 17% 17% 17% 11% 11% 10% • Travelling/holidays Short-term savings • Buying a house Paying off debts • Considering a career change • Saving for the long-term Buying a new car Home improvements • Moving house Getting married In terms of gender, while many of 18% hl of women put buying a car Decisions Put On the key decisions rank the same, Hold by Gender the percentages involved varies significantly. Top 4 Decisions Put On Hold 13% of men put long term savings O on hold male female • Travelling/holiday • Home improvements 20% • Travelling/holidays • Home improvements 38% • Buying a new car O Short-term savings • Short-term savings 19% 26% 22% Saving the long-term 29% 22% 24% This is the percentage of people who said that Decisions Put On travelling was something they were putting Hold by Area on hold in the current economic climate. 29% people in the East Midlands have put moving on hold the most. 31% Scotland 32% people in Wales are the most likely to North West 32% 29% Northern Ireland, Yorks & Humber 29% East Midlands 32% -- East of England 41% Wales 30% 28% West Midlands London 34% 134% South West 'South East In response to being asked: "What would need to happen Getting Back On Track to get their plans back on track?" A third of Brits believe this will only happen when they win the Lottery. What Does Getting Back On Track Depend On? Increase in income 52% Reduction in cost of living 46% When I win the lottery 34% Paying off debts and therefore 'freeing up funds 33% When I feel the economy is more stable 25% Claire Francis, consumer finance expert at MoneySupermarket com said: "You can fight back from living a life in limbo and take control of your financial situation - there are a number of ways to make savings without waiting for that big lottery win. By organising your finances and switching to the best deals available, significant savings can be made. Using MoneySupermarket to switch financial products can help save over E1.000 and make all the difference to getting your life plans back on track". Sources Research conducted by Opinium Research through an online survey of 2,010 UK adults aged 18+ from 10 to 13 February 2012 MoneySupermarket com LIFE IN LIMBO? In a recent survey, two thirds of Brits said that key decisions in their lives, such as marriage andretirement, have been puton hold due to the current economic climate. How The Economy Has This new research commissioned by MSM looks at how we have adapted to Put Our Lives On Hold economic circumstances, and what we are sacrificing so that we can manage. MoneySupermarket com The age group 18-34 is traditionally of 18-34s are putting off having o their first child. Decisions Put 8% a key demographic in terms On Hold by Age of major life choices. Top 10 Decisions Put On Hold (18-34) 13 is the number of years that weddings have been postponed on average 29% 20% 20% 19% 17% 17% 17% 11% 11% 10% • Travelling/holidays Short-term savings • Buying a house Paying off debts • Considering a career change • Saving for the long-term Buying a new car Home improvements • Moving house Getting married In terms of gender, while many of 18% hl of women put buying a car Decisions Put On the key decisions rank the same, Hold by Gender the percentages involved varies significantly. Top 4 Decisions Put On Hold 13% of men put long term savings O on hold male female • Travelling/holiday • Home improvements 20% • Travelling/holidays • Home improvements 38% • Buying a new car O Short-term savings • Short-term savings 19% 26% 22% Saving the long-term 29% 22% 24% This is the percentage of people who said that Decisions Put On travelling was something they were putting Hold by Area on hold in the current economic climate. 29% people in the East Midlands have put moving on hold the most. 31% Scotland 32% people in Wales are the most likely to North West 32% 29% Northern Ireland, Yorks & Humber 29% East Midlands 32% -- East of England 41% Wales 30% 28% West Midlands London 34% 134% South West 'South East In response to being asked: "What would need to happen Getting Back On Track to get their plans back on track?" A third of Brits believe this will only happen when they win the Lottery. What Does Getting Back On Track Depend On? Increase in income 52% Reduction in cost of living 46% When I win the lottery 34% Paying off debts and therefore 'freeing up funds 33% When I feel the economy is more stable 25% Claire Francis, consumer finance expert at MoneySupermarket com said: "You can fight back from living a life in limbo and take control of your financial situation - there are a number of ways to make savings without waiting for that big lottery win. By organising your finances and switching to the best deals available, significant savings can be made. Using MoneySupermarket to switch financial products can help save over E1.000 and make all the difference to getting your life plans back on track". Sources Research conducted by Opinium Research through an online survey of 2,010 UK adults aged 18+ from 10 to 13 February 2012 MoneySupermarket com