As the number of one-person households continues to rise, recent Office for National Statistics (ONS) analysis reveals the financial situation and personal well-being of those living alone:
Proportion of household disposable income spent on housing costs, by household type, household reference persons aged 25 to 64 years, UK, financial year ending 2018:
Note: % of disposable income spent on rent or mortgage is the average paid by those who rent, or those who own their home with a mortgage, respectively.
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Retirement can seem a long way off when you are fresh out of university or embarking on the first steps of an exciting new career. Phrases such as YOLO (You Only Live Once) are also encouraging us to live for today rather than plan for tomorrow. So, what does this behaviour mean for the future of today’s millennials?
We all want to live a long and fulfilled life, and that includes being able to enjoy our retirement years to the full. However, as we all begin to live longer, concerns have been raised over the Government’s ability to fund the futures of our ageing population.
Recent Office for National Statistics (ONS) analysis reveals the financial situation and personal wellbeing of those living alone.