Confidence in financial future dips for ‘squeezed middle’ aged 45 to 54 – survey

Some 36% of people aged 45 to 54 are optimistic about their future finances while 37% are feeling pessimistic, according to a survey for Newcastle Building Society (Alamy/PA) -

People aged 45 to 54 years old are the only age group to feel more downbeat than optimistic overall about their financial future, a survey indicates.

People in this age group are often described as the “squeezed middle” as many are juggling children who are yet to fly the nest as well as helping to care for older parents.