Covid-19 has weakened UK households’ finances – FCA survey


The number of UK consumers with “low financial resilience” has risen by a third during the Covid-19 pandemic, a Financial Conduct Authority survey finds.

The FCA’s latest Financial Lives Survey, conducted in October 2020, finds there are now 27.7 million adults in the UK with “characteristics of vulnerability”. This includes “poor health, low financial resilience or recent negative life events”, the FCA says.

The Office of National Statistics estimated in 2019 that there were approximately 54

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: