Financial Resilience research
This report looks at the impact of Covid on our collective financial resilience. Financial resilience is defined as the ability to cope financially when faced with a sudden fall in income or unavoidable rise in expenditure.
In this report we set out the answer the following questions:
• How capable are people of coping with the economic shocks of a second wave?
• Who has seen their financial resilience most eroded in the last six months?
• What measures need to be in place to support people who are unable to financially cope with subsequent waves of the Covid-19 pandemic? I