Almost half of young people aged 25 to 34 are struggling to get onto the housing ladder and are still renting Chris Ison/PABritons are dogged by financial worries from their teens to retirement and many face a retirement time bomb, according to a survey by the Financial Conduct Authority. The City regulator found that half of UK consumers — 25.6 million people — are at risk of being financially vulnerable in at least one way; this could mean that they have got into debt, have no savings to fall back on, are poor at managing their money or are face financial difficulties through bereavement, divorce or ill health. Those most vulnerable are the very young and the very old, but for very different reasons. More than half of young people aged 18 to 24 are classed as vulnerable; their problems are a lack of cash and a…

Source: The Times October 18, 2017 11:03 UTC