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The number of over 65s in work has doubled since records began – as half (46%) now believe modern retirement is about redefining how work fits into your life Only a third of over 65s now survive on the state pension alone (31%) – with one in ten (11%) seeing remortgaging, loans and equity release as sensible options to borrow money One in five workers of pensionable age (18%) have already retir
Nearly seven out of 10 people aged over 50 (68%) say the traditional concept of retirement is no more – as they reveal their midlife motivations and ambitions ‘Midlife Tribes’ emerging in our changing society include ‘Elderpreneurs’, ‘Fitness Finders ’ and ‘New Horizonians’ with adventure, community and romance as top priorities for many as they embark on the next chapter of their lives
Post Office reveals what the value of sterling means for holidaymakers Sterling now stronger year-on-year against 80 per cent of holiday currencies Biggest gains of up to 16.7 per cent against long haul currencies ‘Dollar destinations’ – USA, Caribbean and Middle Eastern resorts – are 11.5-12 per cent weaker against sterling and down five per cent in the past three months Position is
A quarter make impulse purchases on social media on a monthly basis, spending an average of £318 per user per year 65% had regrets about their purchases One in seven confess to ‘financial upgrading’ – buying something more expensive than they had planned Despite this, nearly half say social media has no impact upon their spending habits More than half fell short of their
Post Office Holiday Money Report identifies destinations where the holiday purse will stretch furthest in 2018 (www.postoffice.co.uk/holidaymoneyreport) • Sunny Beach, Bulgaria tops chart of 42 destinations for the first time • Japan is runner up and cheapest for long haul holidaymakers • Cape Town, South Africa and Porec, Croatia enter best value top 10
• Prices drop in two-thirds of European family ski resorts surveyed by Post Office Travel Money and Crystal Ski Holidays (www.postoffice.co.uk/familyskiing) • Bansko has regained its position as the cheapest family ski resort • Bardonecchia is best value in Western Europe – almost half the cost in Wengen
The House Price Index, June 2017, revealed that average house prices in the UK have increased by 4.9% in the year to June 2017 (down from 5.0% in the year to May 2017). The annual growth rate has slowed since mid-2016 but has remained broadly around 5% during 2017.Owen Woodley, Managing Director of Post Office Money, said:“A slower rate of house price growth will no doubt be welcomed by fi
New Post Office Money research shows FTBs travelling to new areas to find the home for them Southampton, Norwich and Nottingham are the UK’s most affordable cities for FTBs Despite nerves and financial pressure, FTBs still see home-buying as an exciting and joyful step towards independence Futurologists’ insights can help identify potential hotspots of tomorrow
UK parents set to spend £6.2 billion entertaining their children over the summer break Over half of parents (52 per cent) are worried about covering the cost of entertaining their children during the school holidays A third (33 per cent) of parents spent more than they had budgeted for last summer One in three (33 per cent) used a credit card to cover their increased spend last year With
• Fuel prices rise by up to 40 per cent year-on-year for unleaded petrol and 51 per cent for diesel in European motoring holiday destinations • Filling the tank costs least in Andorra and Austria while diesel is still sub-£1 in Spain • Diesel remains cheaper than unleaded petrol in all barring Switzerland and UK – with the biggest saving of 32p a litre in the Netherlands
In its latest Holiday Money Index measuring exchange rate movements and currency sales, Post Office Travel Money, which accounts for one-in-four of all UK transactions, says that strong currency sales in the first three months of 2017 provide encouraging evidence of a continuing appetite for overseas holidays.Announcing year-on-year increases of 55 per cent increase in currency sales made onli
10 best value cities: Paphos, Vilnius, Riga, Warsaw, Budapest, Krakow,Lisbon, Prague, Athens and Palma Paphos, 2017’s joint European City of Culture, is cheapest of 36 European cities surveyed for the annual City Costs Barometer (www.postoffice.co.uk/citycosts)Lisbon retains its position as Western Europe’s cheapest capital cityPrices for UK visitors are up across Europe but ye
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