This quarter’s survey explores the ongoing impact of the cost of living crisis and people’s response to rising costs.
Every quarter we survey 4,000 nationally representative UK adults. The survey explores a variety of wealth and wellbeing subjects, including changes to finances, plans for retirement and mental health.
Our 9th edition illustrates the ongoing impact of the cost of living crisis. People are continuing to struggle, with many missing payments on their utility bills or taking on unsecured debt. We found that over a million workers have cancelled insurance policies due to increased living costs, which could leave them in an even more vulnerable position. Our research also found that over a million workers are now paying less into their pension. The long term impact of this won’t be felt until people near retirement and find they don’t have sufficient savings to fund the lifestyle they’d wanted.
Of those surveyed this quarter:
LV= surveyed 4,000 nationally representative UK adults via an online omnibus conducted by Opinium in June 2022.