Since the global outbreak of COVID-19 began in early 2020, many Brits have experienced extra financial pressure. To help understand how Brits are coping, Blacktower Financial Management has taken a closer look to uncover which cities are most concerned about the monetary implications of the pandemic, as well as those saving more now than ever before.
This year has thrown many people’s personal finances, as well as the wider economy and job market, up in the air – which for some has meant being forced to unpick life plans they may have spent years carefully putting together.
For some people, the repercussions could be long-lasting and ripple through the generations.
Despite early speculation that lockdown may trigger a...
A survey of 2,002 UK adults, conducted by leading personal insolvency practice, Creditfix.co.uk , has revealed that due to the social restrictions that have been in place during lockdown, the average Brit has been able to save £495 per month (an increase of £273 compared to their monthly savings pre-pandemic).
According to the data, during lockdown the average UK adult has saved £178...
When it comes to managing finances within a relationship or marriage, there are no hard and fast rules – but it is something that’s worth putting some careful consideration into.
According to a survey by Hargreaves Lansdown however, less than half (44%) of people with a partner share responsibility for day-to-day finances with them.
