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Research Into How UK Individuals View Their Financial Situation |
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Written by TNS
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18 Feb 2013 |
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Although attitudes towards the economy have improved over the last 12 months, this is yet to translate into a significant improvement in how individuals view their personal financial situation.
Asked about their ability to meet their household budget, 48% said they are finding it harder than they did a year ago. This is a slight drop from December 2011 when 55% of people were finding it harder, but it is not comparable with the improvement in general economic sentiment. The proportion finding it easier to meet their budget has barely changed over the last year, suggesting very few people feel their financial position is improving.
Similarly, there has been little shift in what people say they would do if they received a significant increase in their income. Currently, 39% say they would use any extra cash to reduce their debts, 34% would increase savings or pensions and 27% would spend it, which is almost identical to what was reported in November 2011.
Read the full Public Opinion Monitor by downloading the PDF below.
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Last Updated ( 03 Sep 2013 )
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