A surprising mix of 43% of the UK population is financially dependent on someone other than themselves, according to new research by Moneyfarm, the European digital wealth manager, and behavioural scienc consultancy Dectech. The breakdown of the figure is 25% of the nation financially dependent on a partner, 17% on parents and 10% relying on other relatives. Research involving 1,504 people polled in September 2021 was conducted by the Behavioural Finance Lab that Moneyfarm is developing with Dectech, a specialist behavioural science consultancy founded at Warwick University. While ...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes