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Dads feeling the cash pressure

The majority of 18 to 34-year-olds believe that fathers today are under more financial pressure than their own fathers, according to research commissioned by Norwich Union.

The poll reveals 73 per cent of fathers saw a day with their family as the ideal Father&#39s Day celebration, although this year 61 per cent would more than likely be watching the World Cup instead.

The survey shows that 46 per cent of men felt life is financially harder for today&#39s dads than for previous generations, with 38 per cent believing the contrary and 16 per cent not expressing a view.

Norwich Union believes the findings reflect social changes such as the rise in the average age of a first-time homebuyer to 34, the average age for a woman to have a first child rising to 30 and the fact that almost half of all men between 18 and 34 in full-time employment have no pension. The research was carried out using a sample of 1,073 adults in June 2002.

Media relations manager Louise Goffee says: “It is not just the World Cup which is on people&#39s minds at the moment. More and more people are choosing to delay major decisions such as buying a house and starting a family, which may have an impact later on in life.”

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