Half of UK consumers ‘potentially vulnerable’ – FCA survey
First survey of ‘financial lives’ finds over 25 million people at greater risk of financial difficulties
A new large-scale survey by the Financial Conduct Authority finds half of UK consumers – some 25.6 million people – show signs of “potential vulnerability” when it comes to finance.
The report, based on responses from just under 13,000 people, represents a new initiative for the FCA, and will make sobering reading for those trying to promote financial education and inclusion.
Older people are particularly likely to be vulnerable, according to the survey, meaning they may be “at increased risk
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