Article on BBC website about survey which was conducted end of May. In summary:
- 25% of adults are struggling financially but continuing to spend the same
- Just over a third (36%) are struggling and cutting back on everything
- 25% are financially secure, but cutting back as a precaution
- 14% are “financially immune” with no plans to cut back on spending
So to summarise, more than 60% of the population are struggling to cover their livings costs, and another quarter are cutting back as a precaution, which is a prudent response IMO. Leaving 14% unaffected.
I wonder which category the people making big decisions about our economy are in? I imagine it’s the 14%.
www.bbc.co.uk/news/business-62148525