Almost half (42%) of adults in the UK have reported they are struggling with their finances, according to research by LV=, although signs of optimism are appearing.
The Wealth and Wellbeing Research Programme, which surveys 4,000 adults on a quarterly basis, found that 69% of respondents experienced higher monthly outgoings, with 68% suffering from increased supermarket spending following rising energy bills, interest rates and inflation. However, less adults have a negative outlook of their finances for the next three months as 10% of adults surveyed predict that their finances will improve during this time frame, compared to 8% in November last year. Meanwhile, 58% of adults reported that their finances worsened over the past three months, alth...
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