Income drop concerns for those "left behind" by Covid recovery

Financial resilience still yet to return to pre-pandemic levels for many

clock • 2 min read
Income drop concerns for those "left behind" by Covid recovery

Over half of people (55%) worry about a sudden and large drop in their household income, according to a Hargreaves Lansdown analysis of the nation’s financial security.

Women, renters and those who are middle-aged were found to be the most at risk of being "left behind" by the recovery. In a survey of 10,030 UK adults, a quarter (24%) still said they were just about getting by financially. This is despite evidence that the UK economy is recovering for many. Financial resilience was found to be worse in women than men, with 37% of women confirming they were struggling to manage, compared to 29% of men. Lack of savings and income protection...

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