Young adults are more likely than over-55s to report “downsizing” their lifestyle or spending to deal with the cost-of-living crisis, research suggests.
Around one in five (20.2%) under-35s are doing this, compared with 14.5% of over-55s, the survey of 2,000 people across the UK in September found.
Young adults are also around twice as likely as over-55s to say they are using credit cards to help get them through the cost-of-living crisis and that they feel stressed about budgeting.
