10m UK adults not financially resilient: MetLife

Reliance on loans, credit cards

John Brazier
clock • 2 min read

MetLife research finds Covid pandemic has worsened financial situation of one-in-three UK adults

The survey, conducted among 2,000 UK adults by Censuswide earlier this year, found that one-in-five (19%) of UK adults do not consider themselves financial resilient and would rely on loans or credit cards. Although 60% of consumers said they feel financially resilient, almost one-third (29%) admitted that this would only be the case if they were to receive help from a family member, their partner or someone else, according to the research. The onset of the Covid-19 pandemic has resulted around one-third of UK adults' financial situation worsening, of which almost one in ten (8%) say ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

COVER Summit North 2025: In pictures

COVER Summit North 2025: In pictures

Event gallery

COVER
clock 28 March 2025 • 1 min read
Simplybiz names Tom Hegarty as CEO

Simplybiz names Tom Hegarty as CEO

Marks second stint at Fintel

Jenna Brown
clock 27 March 2025 • 1 min read
COVER Protection and Health Summit North 2025: Final call to register

COVER Protection and Health Summit North 2025: Final call to register

27 March 2025 – The Park Royal Hotel, Warrington

COVER
clock 18 March 2025 • 1 min read