Two fifths of UK adults see finances worsen

'Rebuilding families' financial resilience could take a very long time'

Laura Miller
clock • 1 min read

Two-fifths (42%) of British adults – equivalent to 22 million people – have experienced a worsening in their financial circumstances in the three months to September, according to research from LV=.

LV's Wealth and Wellbeing Research Programme surveyed 4,000 UK adults. It found that months of rising supermarket costs and other higher bills like energy are having a knock-on effect on the nation's money habits, preventing them from saving for the future. Headline inflation has dropped to 4.6%, down from a high of 11.1% in October 2022. Yet four in ten people continue to report feeling worried about increased food and utility costs, the survey found. Less than half (49%) of the working age population asked in the research said they could comfortably afford to pay their bills. As ...

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