Not Saving Enough And Getting Divorced are Among the Biggest Financial Regrets

Not saving enough money and getting divorced are among our biggest financial regrets, according to new research by Partnership Group. In a survey that asked 2,000 people what their biggest financial mistakes were, the vast majority (59%) said they wished they had saved more, while 15% said getting into debt was their biggest error. 7% said getting married and subsequently divorced was their biggest financial blunder. This figure jumped to one in ten for the over 40 age group. Mark Stopard, head of product development at Partnership, said:  “Indeed not saving enough, especially into a pension, was the main regret for all age groups – a problem which implies that either they do not earn enough or that they don’t have a firm handle on their finances.  While it is relatively easy to make minor financial errors, that one in 10 people cite issues around salary and employment levels adds weight to the first argument and is worrying as it suggests that for some ‘mistakes’ are almost unavoidable.” (partnership-group.com)