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The FINANCIAL With more time and money on their hands, Brits have been using lockdown to enter the world of investment, as nearly one in 10 (9%) have begun investing for the first time since the start of the pandemic.
According to research from Halifax Share Dealing, more than one in 10 (16%) of young people aged 18 to 24 took their first steps into stocks and shares since the start of the pandemic, Lloyds Banking Group notes.
When it comes to reasons for this surge, having more spare time was the main factor. Almost a quarter (24%) say they have more time to research options and almost one in five (16%) have more time to arrange investments. Having more disposable cash is also a factor for almost one in four (17%) Brits.
Nearly one in 10 adults ‘have started investing for first time during pandemic’ 13/04/2021, 10:50 am
Nearly one in 10 adults have started investing for the first time since the start of the coronavirus pandemic, according to Halifax Share Dealing (Tim Goode/PA)
Nearly one in 10 (9%) adults have started investing for the first time since the start of the coronavirus pandemic, a survey has found.
Eighteen to 24-year-olds are particularly likely to have turned to investments for the first time, with 16% having done so, according to Halifax Share Dealing.
Low interest rates in the cash savings market may be prompting more people to consider investing.
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