Our research gives a unique snapshot of the UK’s financial and emotional health
This helps us understand the hopes and concerns of the nation, allowing us to better serve our members and communities. This edition focuses on the festive season, retirement plans and financial knowledge.
The LV= Wellness Tracker has plateaued at +17 as we head into the winter months. The LV= Wellness Tracker measures those who say they are comfortable against those who are struggling, indicating the current level of the nation’s financial resilience. Scores can range from +100 to -100.
As the cost of living crisis continues, more families are cutting back again this Christmas:
Most people don’t know enough to plan for a comfortable retirement:
Women report less financial knowledge and more financial worries than men:
Our data shows gaps in financial knowledge for certain groups at key life stages.
The right knowledge can help you to increase your financial confidence and plan for a secure future.
Here’s some useful resources to get you started:
View the full report to read more on how the longitudinal data is tracking in our latest research.
“People are a little less worried about rising costs than a year ago, however, we have seen an emerging picture in our data of gaps in financial knowledge. We want to know why this is happening and see if some problems could have been avoided if people had better awareness of their options. We are committed to finding out more.”