We’ve released our Financial Lives survey report. We spoke to over 38,000 UK consumers leading up to and during the #coronavirus pandemic, and learned about their prior financial behaviours and attitudes, and how they've been affected since. Info➡️fca.org.uk/news/press-rel… Thread⬇️
The research finds that while 48% of adults have not been financially affected by the pandemic, for 38% their financial position has worsened over 2020. The number of people that display characteristics of vulnerability has risen by 3.7 million. Read more fca.org.uk/publications/r…
Before #coronavirus, 10.7 million UK adults had low financial resilience - meaning they were over-indebted or had low levels of savings. That number has since risen to 14.2 million. Read more fca.org.uk/publications/r… #covid19 #coronavirusuk