Research shows that women suffer more financially and practically after losing a partnerJune 9, 2016 // No Comments
Royal London recently published their Losing a Partner report, which showed that half (51%) of bereaved women reported lower household income compared to a third (35%) of men. The reduction in income leads to more women needing to cut back on household bills and discretionary spending such as holidays and being forced to downsize their house or take out a loan. Although losing a partner affects everyone, those reporting the least impact were those with the most plans in place. Those with specific plans in place, including life insurance, funeral plans and lasting power of attorney, were least likely to report reduced disposable income, lower savings or increased debt.
You may read the full report on Royal London’s website here.