Financial resilience is slowly improving in the UK, with adults starting to feel more positive about their financial future as inflation has slowed, LV= has found.
According to the LV= Wealth and Wellbeing Research Programme, a quarterly survey of 4,000 UK adults, the number of people who think their finances will continue to worsen has started to decline. The LV= Wellness Tracker, a metric that examines the financial wellbeing of UK adults, now stands at +19, which is up by +4 since December 2022. LV= said this slight improvement indicates that the nation's view of financial resilience is improving. Nearly six in 10 (59%) respondents described their situation as comfortable, while 41% said they were struggling. Overall, one quarter (26%) of ...
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.