Financial Fairness Tracker: Scotland January 2024
Scotland – January 2024
University of Bristol: Personal Finance Research Centre and abrdn Financial Fairness Trust
January 2024
The Financial Fairness Tracker, commissioned by the abrdn Financial Fairness Trust and analysed by a team at the University of Bristol, has been monitoring the personal finances of UK households since the start of the pandemic (sample around 6,000 UK households, 896 in Scotland).
Around one-in-six (17%) households in Scotland – nearly 450,000 households – are ‘in serious financial difficulties’, meaning it is a real struggle for them to meet their day-to-day expenses, with many behind on their household bills or credit commitments. This matches the level of serious financial difficulties across the rest of the UK (17%). One-in-twenty Scottish households (4.6%) said they had accessed a foodbank in the past four weeks, which is significantly higher than in the rest of the UK (3.2%). Households with children were more likely to have accessed a foodbank in Scotland (10%) than elsewhere in the UK (6%).
Around one-in-six (17%) households in Scotland – nearly 450,000 households – are ‘in serious financial difficulties’, meaning it is a real struggle for them to meet their day-to-day expenses, with many behind on their household bills or credit commitments. This matches the level of serious financial difficulties across the rest of the UK (17%). One-in-twenty Scottish households (4.6%) said they had accessed a foodbank in the past four weeks, which is significantly higher than in the rest of the UK (3.2%). Households with children were more likely to have accessed a foodbank in Scotland (10%) than elsewhere in the UK (6%).
