New research by Finder revealed that one-in-three mortgage holders, or around one million households, believe that they borrowed too much, up from 21% last year.
Almost half (46%) of gen Z claim that they stretched themselves thin, followed by millennials (37%). That’s compared to 26% of gen X and 20% of baby boomers.
As a result, “households are desperately trying to cut expenses or boost their income to avoid financial strain”, explained Finder’s home loan expert Richard Whitten.
