Article preview: For those not hit by job losses or falling business revenues, the lockdown has created an opportunity to save a considerable amount of money. New research has found that households enjoyed an average of £300 in “lockdown savings” as their financial confidence slowly increases. However, there are still anxieties about higher debt and the rising cost of living, once the lockdown measures ease. The research by comparethemarket.com, as part of their Household Financial Confidence Tracker, found sound tentative green shoots for household financial confidence.
Coronavirus lockdown creates savings opportunities
This 609-word blog post looks at the potential household savings created by the coronavirus pandemic and associated lockdown. Written on 31st May 2020.
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