Nearly half aged 16 to 24 would not last longer than a month without income - ONS

The Office for National Statistics (ONS) Wealth and Assets Survey, published on Wednesday, found nearly half (48%) of people aged 16 to 24 said they would not be able to make ends meet for longer than one month if they lost the main source of income coming into their household. The industry must make a 'concerted effort' to address misconceptions around income protection, Royal London has warned. Head of protection solutions for the insurer, Toby Bainbridge, said the industry must work to change people's mindset so they see protection as a necessity instead of something they don't nee...