People failing to claim share of £50bn because of paperwork stress
Paperwork stress and anxiety disproportionately impact Millennials and Gen Z according to a new study by the paperwork management app, fyio. The study found younger people experience stress when they cannot locate important personal documents promptly.
MoneyWeek reported that an estimated £50billion is currently unclaimed in the UK due to lost and forgotten paperwork while the Office for National Statistics estimates that savers have, on average, lost access to up to £30,000 in various types of financial accounts including SIPPs, workplace pensions, Isas, savings accounts, and premium bonds.
Read more here: https://www.cambridge-news.co.uk/news/cost-of-living/people-failing-claim-share-50bn-28690017