Coronavirus financial impact tracker: June 2020
A national survey
University of Bristol and Standard Life Foundation
This edition of the Financial Impact Tracker looked at the changes in household spending and finances since the start of the pandemic.
There was an immediate shock to household finances from the middle of March 2020, as a result of the COVID-19 pandemic and the associated lockdown. This report looks at the situation in the second week of May, at a time when the Coronavirus Job Retention Scheme had recently come into effect and the Self-Employment Income Support Scheme had just opened for applications.
It shows that the situation had stabilised – including the number of households either in serious financial difficulty (11%) or struggling to make ends meet (17%).
The Financial Impact Tracker is a regular cross-sectional review of household finances across the UK, surveyed by YouGov and analysed by the University of Bristol’s Personal Finance Research Centre, in partnership with abrdn Financial Fairness Trust. All the Financial Impact Tracker reports are available here.