Singles Need Financial Lessons
Singles are more exposed to the effects of the credit crunch as they worry about the additional costs of being single. Apparently 70% of all singles have not sought financial advice about their debt or how best to manage their income, meaning that many are starting to worry about what their financial future will bring.
According to the study by Zurich, 45% understand the dangers of having poor credit card debt management skills and 35% believe that maintaining their savings is also necessary to achieve financial freedom.
Zurich’s Tony Solomon commented: “The fact that more than a third of single adults worry about the added financial cost of being single, suggests that being single in this current economic climate may be more fretful than fabulous.”