15.9m people in UK now financially vulnerable: Royal London

New research from Royal London shows that 15.9 million adults in the UK now consider themselves to be more financially vulnerable than they did in March, due to the ongoing pandemic. This represents a rise of 30% during the three-month period between March and June this year. Reduced income was cited as the primary reason for greater financially vulnerability among UK adults (33% of those surveyed), while around one in five (19%) had a lack of savings to fall back on in the pandemic. Other reasons included taking on more debt (13%), and not being able to afford their living costs (11%...