The latest market updates are brought to you by Investment Managers & Analysts at Wealth at Work Limited which is a member of the Wealth at Work group of companies.
New research launched today amongst 236 companies representing 1.3 million employees has uncovered insightful findings on current financial wellbeing provision, as well as foresight into future trends.
Between the 9th and 15th of September is UK Savings Week. In the current environment, it has become difficult for a lot of people to save as much as they would like, in fact, our research of over 2,000 workers found that the biggest financial concerns for the year include not having enough savings for unexpected costs (40%) and not being able to save enough for the future (38%).
In the last year, more than one in five UK employees (22%) have had to borrow money from family and friends because of money worries, and a fifth have taken on debt (20%).
On Tuesday, the Eurozone’s headline inflation rate came in for the month of September at 1.8%, below the European Central Bank’s (ECB) target of 2%. Core inflation, which strips out volatile elements like food and fuel, also slowed to 2.7%, down from 2.8% in August.