{"id":3641,"date":"2024-09-05T08:40:40","date_gmt":"2024-09-05T06:40:40","guid":{"rendered":"https:\/\/pfadvisors.co.uk\/?p=3641"},"modified":"2024-08-28T14:44:07","modified_gmt":"2024-08-28T12:44:07","slug":"family-plans-in-question-due-to-cost-of-living","status":"publish","type":"post","link":"https:\/\/pfadvisors.co.uk\/en\/family-plans-in-question-due-to-cost-of-living\/","title":{"rendered":"Family plans in question due to cost of living"},"content":{"rendered":"<p>A whole generation could be on pause due to the cost-of-living crisis according to a report, as squeezed household finances have caused one in 10 people to rethink their plans to start a family [1].<\/p>\n<p><strong>Cost of a family<\/strong> The cost of having children has risen; since February 2023, expenses have increased by \u00a31000 a month for the average family with young children. Higher mortgage rates have had a significant impact too \u2013 average monthly payments have risen by \u00a3588. As a result, 34% of adults aged 35-49 have regularly gone into their overdraft or been forced to borrow money to make their payments. Meanwhile, 23% have been left with no savings at all.<\/p>\n<p><strong>You don\u2019t have to delay your life<\/strong> You don\u2019t have to delay your life plans to make ends meet. We can help you source the most suitable mortgage, taking into account your current circumstances and your hopes for the future.<\/p>\n<p>[1] Royal London, 2024<\/p>\n<p>&nbsp;<\/p>\n<p>\ud83d\udea8 Data accurate as of the date of publication \u2013 05.09.2024<\/p>\n<p>\ud83d\udea8Information within this blog is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed.<\/p>\n<p>\ud83d\udea8 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.<\/p>\n<p>&nbsp;<\/p>\n<p>Source: Quilter Financial Planning \u2013 Essentially Mortgages Q3 2024<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A whole generation could be on pause due to the cost-of-living crisis according to a report, as squeezed household finances have caused one in 10 people to rethink their plans to start a family [1]. Cost of a family The cost of having children has risen; since February 2023, expenses have increased by \u00a31000 a [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3633,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-3641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aktualnosci-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Family plans in question due to cost of living - Prestige Financial Advisers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pfadvisors.co.uk\/en\/family-plans-in-question-due-to-cost-of-living\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Family plans in question due to cost of living - Prestige Financial Advisers\" \/>\n<meta property=\"og:description\" content=\"A whole generation could be on pause due to the cost-of-living crisis according to a report, as squeezed household finances have caused one in 10 people to rethink their plans to start a family [1]. 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Cost of a family The cost of having children has risen; since February 2023, expenses have increased by \u00a31000 a [&hellip;]","og_url":"https:\/\/pfadvisors.co.uk\/en\/family-plans-in-question-due-to-cost-of-living\/","og_site_name":"Prestige Financial Advisers","article_published_time":"2024-09-05T06:40:40+00:00","og_image":[{"width":940,"height":788,"url":"https:\/\/pfadvisors.co.uk\/wp-content\/uploads\/2024\/08\/PFA-blog-69.jpg","type":"image\/jpeg"}],"author":"Prestige-FA","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Prestige-FA","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pfadvisors.co.uk\/en\/family-plans-in-question-due-to-cost-of-living\/#article","isPartOf":{"@id":"https:\/\/pfadvisors.co.uk\/en\/family-plans-in-question-due-to-cost-of-living\/"},"author":{"name":"Prestige-FA","@id":"https:\/\/pfadvisors.co.uk\/en\/#\/schema\/person\/50d699ec759d89772430606ad51a083e"},"headline":"Family plans in question due to cost of living","datePublished":"2024-09-05T06:40:40+00:00","mainEntityOfPage":{"@id":"https:\/\/pfadvisors.co.uk\/en\/family-plans-in-question-due-to-cost-of-living\/"},"wordCount":250,"image":{"@id":"https:\/\/pfadvisors.co.uk\/en\/family-plans-in-question-due-to-cost-of-living\/#primaryimage"},"thumbnailUrl":"https:\/\/pfadvisors.co.uk\/wp-content\/uploads\/2024\/08\/PFA-blog-69.jpg","articleSection":["News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/pfadvisors.co.uk\/en\/family-plans-in-question-due-to-cost-of-living\/","url":"https:\/\/pfadvisors.co.uk\/en\/family-plans-in-question-due-to-cost-of-living\/","name":"Family plans in question due to cost of living - 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