Coronavirus Financial Impact Tracker: July 2022

abrdn Financial Fairness Trust and University of Bristol

The July 2022 Tracker finds one-in-six UK households (4.4 million) are now in 'serious financial difficulties', compared to one-in-ten (2.8 million) in October 2021 – an additional 1.6 million households. This is worse than any point during the pandemic. Of those 4.4 million in serious financial difficulties, to make ends meet 71% have reduced the quality of food they eat, 36% have sold or pawned possessions and 27% have cancelled or not renewed insurance.

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