Call us
01242 697821

Blogs

Keep up to date with the latest news and our guides on all things mortgages. 

The Cost of Living Crisis: How financial worries impact Gen Z's health

In the face of the cost of living crisis, financial worries have reached an all-time high among Generation Z. The soaring expenses of education, housing, and basic necessities have placed a huge burden on young adults. This affects not only their personal lives and mental health, but also their work performance.

The rising concern of financial stress

Generation Z, born between the mid-1990s and early 2010s, is grappling with financial challenges unlike any previous generation. The cost of living crisis, fuelled by inflation, stagnant wages, and increasing debt, has left many young adults struggling to make ends meet. Studies show a large portion of this age group experiences constant anxiety over financial instability, which takes a toll on their overall well-being.

The impact on health and work

Unsurprisingly, the mounting financial stress experienced by Gen Z is affecting their physical and mental health. The pressure to manage expenses and debt can lead to higher levels of stress, anxiety, and even depression. This can result in an increased number of sick days at work as young employees find it difficult to cope with their health issues while juggling their financial burdens.

The need for income protection

As the financial landscape becomes more uncertain, Gen Z must prioritise their financial security. One valuable tool to ensure financial stability during times of illness or incapacity is an income protection policy. Income protection provides a steady stream of income if the policyholder is unable to work due to illness or injury.

The key benefits of income protection

Peace of mind: Having an income protection policy in place offers peace of mind, knowing that they won't be left in financial distress during challenging times where they are unable to work.

Financial stability: A reliable source of income through the policy means that young people can keep their standard of living and meet their financial commitments, such as rent, loan payments, and bills.

Focus on recovery: By not having to worry about their financial obligations, Gen Z can focus on their recovery and overall well-being, reducing the chance of a long sickness absence from work.

While income protection is a vital safety net, the ins and outs of insurance policies can be overwhelming.

If you would like to discuss your financial situation further, please get in touch and we can guide you through the process.

SPEAK TO AN ADVISER

Related

Do you need joint life insurance?

Do you need joint life insurance?

Have you ever wondered whether you and your partner should be on one single life insurance policy? O...

Read More >
Your dream garden can be within reach – unlock the equity in your home

Your dream garden can be within reach – unlock the equity in your home

Spring is just around the corner, and with the promise of warmer days and blooming flowers, many hom...

Read More >
Let’s get you on the property ladder with these tips!

Let’s get you on the property ladder with these tips!

We can help you get on the property ladder. Feel free to call us today to see what we can do for you...

Read More >
CASE STUDY: The rise of the “Silver Splitters”

CASE STUDY: The rise of the “Silver Splitters”

While many of us may have become incensed by or frustrated with our spouses during the last two year...

Read More >
Putting Life Insurance in Trust

Putting Life Insurance in Trust

Writing life insurance in trust is one of the best ways to protect your family’s future in the even...

Read More >
2024 Autumn Budget

2024 Autumn Budget

Let’s go through one of the biggest tax-raising Budgets in history. With the new government underwa...

Read More >

What our clients say...

Latest Blog

Key Changes to Stamp Duty

As of April 1, 2025, significant changes to the UK's Stamp Duty Land Tax (SDLT) have come into effec...
Read More

Here are some tips for managing bills and finances when you don’t have a regular income

Managing money and bills self-employed can feel like a juggling act. Especially since you don't have...
Read More

Look after your health to ensure you are ready to work

Managing money and bills self-employed can feel like a juggling act. Especially since you don't have...
Read More

Is equity release available for the self-employed?

Are you self-employed, retired, or unemployed and looking for equity release? Are you wondering if y...
Read More

Why income protection & critical illness cover are extra important for the self-employed

If you're self-employed in the UK, income protection and critical illness cover are extra critical. ...
Read More

Do you need extra building and content insurance policies in place if you work from home?

Maybe you've spent a bit of time putting together your business. Now everything is going well, you w...
Read More

Can I get a mortgage if I’m self-employed? Plus other commonly asked employment questions

Work habits in the UK continue to evolve and change. And so, the mortgage industry is addressing con...
Read More

Health Insurance and Buying a New Home: Why They Go Hand in Hand

Buying a new home is an exciting milestone but also a significant financial commitment. While health...
Read More

Selling this spring? Top tips to get your house ready for sale!

Firstly, let’s ask, how does your house look from the street? First impressions are so important wh...
Read More

What insurance do you need to buy a home?

Are you buying a home in 2025? You’ve sorted out your finances, found the perfect home to buy, and ...
Read More


Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

@ 2020 by Fairview Financial

Our Fees        

A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, PLEASE ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.


  • Back to top