Young men are more likely to seek help from a financial adviser to improve their financial and overall wellbeing compared to women of the same age, according to research by Fidelity International.
Fidelity found a fifth (21%) of men aged between 18 and 34 have sought help from a financial adviser, compared to just 12% of women in the same age group. This is despite a quarter of young women worrying about money on a daily basis (24%), and six-in-ten (59%) worrying about their finances at least once a week. Additionally, women's finances have been significantly and disproportionately affected by the Covid-19 pandemic, with more than three-quarters (78%) of job losses estimated to have affected women. However, even before the pandemic women faced significant financial challenges, ...
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