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, ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes