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Saturday, February 3, 2024

9 in 10 older HNW purchasers involved over inflation

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9 in ten (89%) retired excessive internet value buyers see inflation as the largest menace to their wealth, in response to a brand new report.

Half (46%) of youthful HNW buyers shared their issues about rising inflation, in response to the Saltus Wealth Index.

Nearly two thirds (58%) of HNW buyers mentioned their cash ‘makes them anxious’, with twice as many over-55s feeling anxious than six months in the past (18%).

Lower than 1 / 4 of over-65s mentioned they really feel assured in the way forward for the UK economic system and their very own wealth.

While respondents usually felt assured about their very own funds over the following six months (85%), amongst older buyers this dropped to a half.

Traders additionally continued to see the Coronavirus pandemic (30%), trade charges (25%), cyber safety (25%) and geopolitical dangers (22%) as a menace to their funds.

Michael Stimpson, associate at Saltus, mentioned: “That is the group of individuals whose intelligence and enterprise the UK will want because the nation addresses the challenges of Levelling Up and Local weather Change, fairly other than paying down the nation’s debt and financing its deficit. This analysis has revealed that the majority HNWIs have issues about their cash proper now, with a majority saying their cash makes them really feel anxious.

“There are a variety of things inflicting these emotions of unease, with the impression of rising inflation the important thing concern, particularly amongst older folks whose fears about the way it will have an effect on their retirement plans highlights greater than ever the significance of getting a strong monetary plan in place.”

The Saltus Wealth Index surveyed attitudes of 1,000 UK buyers with investable belongings over £250,000 between 28 February and 15 March.


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