Over a third of Brits have dug into savings to weather lockdown

Over a third of Brits have dug into savings to weather lockdown

YouGov reports “Brits aged 25 to 34 are the most likely to say their income has gone down overall (43%). But the proportion of people who say the pandemic has caused a major decrease is highest among 55 to 64-year-olds (14%).

Overall spending has also dropped sharply with over half (54%) having spent less money because of the coronavirus outbreak. This includes one in ten who say they’re spending a lot less. In contrast, about a quarter (23%) say they’ve been spending more.”

“The impact of the coronavirus outbreak on many Britons’ finances is bleak: 44% feel less financially secure, over a third say their savings have taken a hit (36%) and a similar number (35%) say their income has gone down. Meanwhile, 16% say their debts have gone up.”  Read more. 


About Us

We are a firm of highly experienced independent financial advisers based in Leamington Spa. Our core values are simple - integrity and professionalism - and have seen our business grow mainly through customer referrals and reputation.

Latest News

Get in Touch

Beaufort Wealth Management Ltd,
7B Tournament Court,
Tournament Field
CV34 6LG
01926 460156

Beaufort Wealth Management Limited is an appointed representative of The Tavistock Partnership Ltd, which is authorised and regulated by the Financial Conduct Authority. FCA No: 469862. Decisions should not be taken based solely on the content of the website and individual advice should be sought first. Regulations, levels and bases of taxation are subject to change and individual circumstances. The information contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. No responsibility is accepted for the accuracy or content of external websites.