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Research from pensions and retirement specialist LV= highlights how 25% (13m) UK adults say they expect their finances to worsen over the next three months.
The figures are the worst since December 2020 and highlight how the confidence of UK consumers is faltering as fears about a resurgence of coronavirus rise.
The LV= Wealth and Wellbeing Monitor* - a quarterly survey of 4,000+ UK adults – reveals:
|LV= Wealth & Wellbeing Indices||Jun-20||Sep-20||Dec-20||Mar-21||Jun-21||Sep-21||Dec-21||Change QonQ|
|How finances have changed in last 3 months||-18||-18||-25||-9||-8||-11||-20||-9|
|How finances might look 3 months from now||-6||-8||-14||-2||-1||-5||-12||-7|
|Total monthly outgoings||-9||2||-16||-11||14||26||39||13|
|Income from work||-11||-10||-7||1||6||8||7||-1|
|Amount saving into pensions||1||0||-4||2||3||4||3||-1|
|Spend at the supermarket||27||21||13||18||16||26||36||10|
|Spend on socialising||-53||-37||-52||-47||-9||6||-2||-8|
The above data shows that there have been significant changes to some indices between September and December 2021.
*LV= surveyed 4,000+ nationally representative UK adults via an online omnibus conducted by Opinium in June 2020, September 2020, December 2020, March 2021, June 2021, September 2021 and December 2021.
UK population stats from ONS. Total UK adult population is 52.7m UK adults (aged 18+).