Consumer Research Syndicate Introducing
Aged between 25-34 and do not own their own home.
Some want to, some don't - all need to stretch their money
- The Millennial tribe. Homeownership amongst 25-34 year olds is historically low at just 1 in 3
- Priorities are saving for a house deposit and clearing debt
- They feel investing is going to be ‘complicated’ and ‘for other people, not me’
- The biggest barrier to investing is a lack of knowledge and support (52%), traditional advisers is largely rejected. About a third will inherit over £50,000 in the next 20 years.
*ONS (2016) Overview of the UK population states 8.8m people aged 25-34; 8.8m minus 36% = 5.6m
**ONS (2016) Overview of the UK population states 8.8m people aged 25-34; 36% of 8.8m = 3.2m