Financial worries worsen as cost-of-living crisis hits UK: LV=

‘Finances of millions of people are being squeezed’

Hemma Visavadia
clock • 1 min read
Financial worries worsen as cost-of-living crisis hits UK: LV=

Some 42% of UK adults expect their finances to worsen over the next three months as the cost-of-living crisis continued to affect the population.

According to the latest LV= Wealth and Wellbeing Monitor, which surveyed 4,000 UK adults in March, 44% of respondents have already seen their finances deteriorate over the past three months, with 58% stating that their total monthly outgoings have increased. Meanwhile, 23% saw their savings decrease over the period, with the provider noting that financial worries were worst among retired people. For those in retirement, 65% stated that their supermarket spend has increased and 65% saw t...

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