18 million UK adults financially worse off during second lockdown

Survey of 4000 suggests

Adam Saville
clock
18 million UK adults financially worse off during second lockdown

LV= Wealth and Wellbeing Monitor reveals a growing number of people struggling financially during second lockdown

Some 36% of the adult UK population - an estimated 18 million - said their finances were worse off than three months ago, a survey of 4000 has revealed. Only 11% said their finances have improved, while 26% - an estimated 13 million - expect their finances to get worse over the next three months and 12% expect their situation to improve. As many as 20% - around 10 million people - said they have seen their income fall in the past three months, compared to 13% who said their income has increased,...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Exclusive access to our fortnightly Protection insight mini-podcast.
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

Teamwork

Employers improve benefits strategies to recruit and retain talent

Employee engagement, choice, recruitment and retention top objective for employers post Covid-19

Jenny Turton
clock 20 January 2022 • 2 min read
COVER Blue Monday webinar now available on demand

COVER Blue Monday webinar now available on demand

The whole wellbeing proposition

COVER
clock 20 January 2022 • 1 min read
Employers count benefits of health and wellbeing support

Employers count benefits of health and wellbeing support

According to GRiD research

John Brazier
clock 18 January 2022 • 2 min read