Cost of living crisis prompts almost 75% of investors to rethink investment plans

Lack of confidence

The cost of living crisis is pushing UK retail investors to rethink their investment plans, Charles Schwab UK found.

According to the study, around 74% of investors are currently reassessing them, while more than half (55%) are planning to scale back their investments. Additionally, 64% are concerned about the current economic backdrop and how it will negatively impact their investments in the long term. FCA finds 60% of adults are struggling with cost-of-living increases Among all the economic conditions currently at play - from interest rates to inflation - higher cost of living is the one driving investors' decisions the most, the financial services provider discovered. Richard Flynn, manag...