Nearly two-thirds of people in Britain continue to think it will never happen to them according to new independent research commissioned by Scottish Provident.
The ‘High Wire Britain’ research was undertaken by market research specialists Ipsos MORI to investigate consumer lifestyles and attitudes.
Worryingly, those surveyed in their thirties and forties believe they are most likely to be affected if they or someone in their household were to lose their job, with 88% stating that they would be affected. Yet despite this, people continue to have inadequate protection, as they simply believe it will not happen to them.
The research found that 65% of people surveyed would be affected if they or someone in their household contracted a serious illness and had to give up work for more than six months. This rises to 85% for those with children, as opposed to just 73% for those without children.