In 2014,more babies were born to mothers over 35 than those under 25. We see at the implications of this on mortgages, pensions and life insuranceThe pressures of building a career and then saving for a deposit on a home are key financial reasons why so many mothers achieve off having a child until their mid or late 30s. But starting a family at that age brings its own financial complications – particularly around mortgages, or pensions and life insurance. Emma Sterland,financial planner at Saga Investment Services, says she is “seeing increasing numbers of customers who have had children in later life and are having to shift their financial priorities around”.
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Source: theguardian.com