Scottish Widows: Post-lockdown financial wellbeing boost fading

Improved job security and income slowing the fade in third quarter

clock • 2 min read
Scottish Widows: Post-lockdown financial wellbeing boost fading

The post-lockdown boost to Brits’ financial wellbeing has begun to fade, with many households returning to pessimistic outlooks, according to Scottish Widows.

Research from the insurer has found the post-lockdown boost trailed off in the third quarter, despite gains to household income. The Scottish Widows Household Finance Index dipped from 44.7 in the second quarter to 44.0 in the third. However, the pace at which this fell was at a slower rate than at any other time during the start of the pandemic, as a result of improved job security and income. It also revealed the recent return to work has sparked the first income rise since Q1 2020...

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