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Risky rainy days who plans for their financial future?

05.12.08 | Economic & Social Research Council

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Does planning ahead all depend on how much money you have – the rich can afford it and the poor can’t? Or is it as much about what your background is and the social and cultural groups that you belong to? Researchers, funded by the Economic and Social Research Council, from the Universities of York & Bristol talked to people aged 25-50 who were in one of four different groups:

They found that:

Across all four groups, how much money people had still made a big difference to their ability to plan ahead. However, views and behaviour were also affected by other factors: the way their parents had dealt with risk, the balance between work and other aspects of life they aimed at, and their beliefs about how much help people can expect from the government. For religious groups and ethnic minorities, parental traditions were important. All the religious groups, ethnic minorities and gay people tended not to expect much help from the government if they hit hard times.

FOR FURTHER INFORMATION, CONTACT:
David Abbott: 0117 331 0972 d.abbott@bristol.ac.uk

Deborah Quilgars: 01904 321480 djq1@york.ac.uk

Peter Taylor-Gooby: 01227 827514 p.f.taylor-gooby@kent.ac.uk

ESRC Press Office:
Kelly Barnett on Tel: 01793 413032, e-mail: kelly.barnett@esrc.ac.uk
Danielle Moore on Tel: 01793 413312; e-mail: danielle.moore@esrc.ac.uk

NOTES FOR EDITORS:

1. Find out more about this and other related research at an international conference on Risk in Societal and Inter-Generational Perspective in London on 17 June at the Royal Society for Engineering. Further details at http://www.kent.ac.uk/scarr/events/events.htm

2. The research involved focus groups followed by interviews with 80 people in Bristol & Leeds. The research was carried out by Deborah Quilgars & Anwen Jones at the Centre for Housing Policy, University of York and David Abbott at the Norah Fry Research Centre, University of Bristol. The study is part of an ESRC Research Network looking at Risk in Social Contexts (directed by Peter Taylor-Gooby at the University of Kent). See: www.kent.ac.uk/scarr

3. The Economic and Social Research Council (ESRC) is the UK's largest funding agency for research and postgraduate training relating to social and economic issues. It provides independent, high quality, relevant research to business, the public sector and voluntary organisations. The ESRC's planned total expenditure in 2007-2008 is £181 million. At any one time the ESRC supports over 4,000 researchers and postgraduate students in academic institutions and research policy institutes. More at http://www.esrcsocietytoday.ac.uk

4. ESRC Society Today offers free access to a broad range of social science research and presents it in a way that makes it easy to navigate and saves users valuable time. As well as bringing together all ESRC-funded research and key online resources such as the Social Science Information Gateway and the UK Data Archive, non-ESRC resources are included, for example the Office for National Statistics. The portal provides access to early findings and research summaries, as well as full texts and original datasets through integrated search facilities. More at http://www.esrcsocietytoday.ac.uk

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Contact Information

Danielle Moore
Economic & Social Research Council
pressoffice@esrc.ac.uk

How to Cite This Article

APA:
Economic & Social Research Council. (2008, May 12). Risky rainy days who plans for their financial future?. Brightsurf News. https://www.brightsurf.com/news/8XG7Y5Y1/risky-rainy-days-who-plans-for-their-financial-future.html
MLA:
"Risky rainy days who plans for their financial future?." Brightsurf News, May. 12 2008, https://www.brightsurf.com/news/8XG7Y5Y1/risky-rainy-days-who-plans-for-their-financial-future.html.