ONE in three Brits fear they won’t be able to afford their current lifestyle if the cost of living continues to spiral. A study of 2,000 adults found nearly eight in 10 (77%) are “concerned&#…
It comes after the study also found 39% of adults are looking to plan ahead with their finances to ensure they can maintain their current lifestyle in the future despite the rising living costs.
“The trouble with inflation is that it’s often only felt once your money has been spent, and you realise it isn’t stretching as far as it used to. Nearly a third are exploring wider investing opportunities including individual stocks or opening a General Investment Account and 14% are open to investing in cryptocurrency.
However, this looks set to rise after regulator Ofgem increased the energy price cap, which means many could see their energy bills increase by around 50%. Charlotte Oates added: “Inflation can impact everything, from increasing the price you pay for essentials to de-valuing your hard-earned cash savings.
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