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

Head off protection objections before they arise

Head off protection objections before they arise

Driving better protection conversations

Toni Smith
clock 05 August 2025 • 3 min read
Heath Protection Solutions takes 20% stake in mortgage firm

Heath Protection Solutions takes 20% stake in mortgage firm

Includes a cross-referral partnership

Jaskeet Briah
clock 04 August 2025 • 3 min read
New managing director for SM Advice

New managing director for SM Advice

Chris Miles takes the role

Cameron Roberts
clock 04 August 2025 • 1 min read