Despite their potential for higher returns, Stocks and Shares ISAs saw a decline in subscriptions, highlighting a need for improved financial literacy and awareness among UK investors.
As of 2024, the UK housing market faces persistent affordability challenges, with median house prices at £290,000, despite a slight improvement in the price-to-income ratio due to rising earnings.
UK millennials face a pension crisis, with 59% struggling to save for retirement amidst high living costs and changing employment patterns, raising urgent concerns for their financial future.
In the UK, your credit score is crucial for accessing loans, securing rentals, and influencing employment opportunities, highlighting the importance of understanding and managing your financial profile.
As the UK faces economic challenges in 2025, adopting effective budgeting techniques like the 50/30/20 rule and zero-based budgeting can help you maintain financial stability and achieve your goals.
