Research has found that while young adults aged between 25-34 are saving the most out of all age groups, they are most likely to report that finances are negatively impacting their mental health.
According to The Exeter's Consumer Health and Finance Tracker, those aged between 25-34 save an average of £447 in savings per month, this is around £2,500 more each year than people aged 45 and over. However, 21% of young adults said they feel "substantially" less financially secure than they did a year ago. Around 24% of 25-34-year-olds said that their mental health has been negatively affected by their personal finances in the last six months, compared to 7% of over-55s and a national average of 15%. One quarter (27%) of young adults have taken extended time off work due to ment...
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