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. 

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