The Covid-19 pandemic has been incredibly difficult for everyone
And despite the challenges, many people now have the desire to keep in place some of the changes they were forced to adapt.
The restrictions introduced during the pandemic were forced on the nation and it was assumed that once they ended, people would quickly return to their pre-lockdown lifestyles.
However, the pandemic has caused millions of people to re-evaluate their priorities, and now our research has revealed many want to keep some of the changes that they were forced to adopt.
Working from home, for example, was something that before the pandemic was done perhaps once or twice a week, if at all. But 79% (18m) of those that worked from home during the pandemic want to continue doing so, as they have discovered a better work/life balance and find themselves reluctant to return to their commuting lifestyle.
The pandemic, lockdown and accompanying upheaval in our lives have made people appreciate the importance of close bonds of family and friendships and many want the changes introduced during lockdown to continue to give them more time to spend with the people that are important to them.
A significant proportion of people are also keen to stick to the activities that naturally increased, or were forced upon them during the pandemic, such as online shopping, remote parents’ evenings, and remote GP appointments.
The lifestyle changes brought on by lockdown that seem to be here to stay, also seem to be impacting how people wish to lead their working lives. Our research discovered people wanted more job-satisfaction and enjoyment from a new role and one in five took a pay cut to achieve this.
Our research also showed that 9m people have changed jobs or careers since the start of the pandemic. The reasons that were given for changing jobs were:
These also clearly show that for many, the changes forced by the pandemic, were an opportunity to re-evaluate what matters to them, and make permanent changes to their lifestyles.
*The LV= Wealth and Wellbeing Monitor is a quarterly survey of 4,000 people to understand UK consumers and their attitudes to their personal finances and wellbeing. The statistics shown here are as a result of the survey we conducted in March 2022.