10m UK adults not financially resilient: MetLife

Reliance on loans, credit cards

John Brazier
clock • 2 min read

MetLife research finds Covid pandemic has worsened financial situation of one-in-three UK adults

The survey, conducted among 2,000 UK adults by Censuswide earlier this year, found that one-in-five (19%) of UK adults do not consider themselves financial resilient and would rely on loans or credit cards. Although 60% of consumers said they feel financially resilient, almost one-third (29%) admitted that this would only be the case if they were to receive help from a family member, their partner or someone else, according to the research. The onset of the Covid-19 pandemic has resulted around one-third of UK adults' financial situation worsening, of which almost one in ten (8%) say ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

The psychology of insurance

The psychology of insurance

Understanding decision-making

Jaskeet Briah
clock 23 April 2024 • 5 min read
SimplyBiz pens partnership for advisers to tackle climate change

SimplyBiz pens partnership for advisers to tackle climate change

Net Zero Financial Adviser Protocol now available to members

Jaskeet Briah
clock 22 April 2024 • 1 min read
Rosemount appoints Contractor Financial as AR

Rosemount appoints Contractor Financial as AR

Advice for contractors and the self-employed

Jaskeet Briah
clock 19 April 2024 • 1 min read