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‘Protecting our families’ report – Aviva

‘Protecting our families’ report – Aviva

April 7th, 2017• Comments Off on ‘Protecting our families’ report – Aviva• Posted By Greenwood

Aviva have just published their report into family finances including:

  • How families would cope in unexpected circumstances
  • Families perceptions of government support
  • The spending priorities of families

The key findings are worrying:

45% of parents with dependent children could not support their lifestyle for a month if the main breadwinner was unable to work.

Nearly one in four families (24%) have no savings to fall back on whatsoever and nearly one in five (18%) families could not reduce their monthly spending at all.

One in five (20%) of parents who have experienced a financial loss due to a health crisis don’t think they will ever recover financially or have no idea how long it will take.

You can find a full copy of the report here.

 

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