Research from investment, protection and retirement specialist LV= shows how millions of people continue to describe their financial situation as struggling.
The LV= Wealth and Wellbeing Research Programme* - a long-term quarterly survey of 4,000 UK adults – reveals that the proportion of UK adults who describe their financial situation as struggling is still high. Some 43% (23m) respondents say they are struggling compared to 42% (23m) in the previous quarter and 35% (18m) a year earlier.
Some 38% (20m) of people are worried about money, which is a slight improvement on the previous quarter (40%/21m) but worse than a year earlier (35%/18m)
The proportion of people who say they feel stressed and anxious (43%/23m) has fallen compared to the previous quarter (46%/25m) and a year ago (45%/24m). The proportion of people who say they feel exhausted (34%/18m) has fallen slightly compared to the previous quarter (36%/19m) and is similar to a year earlier (35%/18m).
Worries are still high but show small improvements
Worries about the cost of inflation remain high but have fallen slightly compared to the previous quarter.