Article preview: According to new research, the level of household financial wellbeing in the UK fell at its fastest pace at the end of 2020 than at any time in the five years before the Covid-19 pandemic. The latest Scottish Widows UK Household Finance Index, a seasonally adjusted index measuring households’ overall perceptions of financial wellbeing, was at 41.1 in the final quarter of last year. The index reading was unchanged from the third quarter of 2020, and continues to be well below the crucial 50.0 ‘no-change’ level.
Households savings squeeze
This 635-word blog post looks at the findings in the latest Scottish Widows UK Household Finance Index. Written on 20th January 2021.
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