Growing number of adults expect financial improvement this year: LV=

Most optimistic data since March 2022

Jaskeet Briah
clock • 1 min read

An increasing number of adults expect their finances to improve over the next three months despite the cost of living crisis, rising energy bills, interest rates and inflation reducing spending power, research by LV= found.

The insurer's quarterly survey of 4,000 adults, the LV= Wealth and Wellbeing Research Programme, revealed that 12% of respondents believe they will experience financial improvement over the next three months, compared to 10% who expected this during the last quarter. Clive Bolton, managing director of protection, savings and retirement at LV=, commented: "People's finances are in a poor state compared to two years ago, but they have begun to gradually improve - a trend that our research identified in December last year." The index measuring financial outlook for the next three months ...

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 Cost of Living

9.41m economically inactive

9.41m economically inactive

Increase of 350,000 year on year

Cameron Roberts
clock 13 August 2024 • 1 min read
UK General Election 2024: Labour wins landslide

UK General Election 2024: Labour wins landslide

Keir Starmer to become UK Prime Minister

Cameron Roberts
clock 05 July 2024 • 2 min read
UK General Election 2024: Manifesto roundup

UK General Election 2024: Manifesto roundup

What can protection and health expect?

Cameron Roberts
clock 04 July 2024 • 5 min read