Summary
- The Covid-19 outbreak has had more of a negative impact on residents since W1; 35% reported a negative impact on their household finances this time around, compared to 28% in W1. Just 16% reported a positive impact compared to 26% previously.
- However, a similar proportion of residents still reported no impact on their household finances (48% and 46% respectively).
- Households with children suffered more from the outbreak; 46% reported that the outbreak had a negative impact on their household finances (an increase of 6 percentage points from W1).
- Households with no children reporting a positive impact on their household finances dropped by 10 percentage points from W1 (28% to 18%).
W1/W2 Sample chart:
This chart shows that the Coronavirus outbreak has had more of a negative impact on household finances since wave 1; 35% report a negative impact in wave 2, compared to 28% in wave 1. Just 16% report a positive impact in wave 2 compared to 26% in wave 1.
Sample chart
Base W1: 1,923 | W2: 1,319
Age chart:
This chart shows that no residents aged 16 – 24 reported a positive impact on their household finances; over half report a negative one. The proportion of 25+ year olds who experienced a positive impact is fairly consistent whilst there is more variation in those experiencing a negative impact on their household finances; older age groups were least affected.
Age chart
Base 16-24: 163 | 25-34: 275 | 35-44: 200 | 45-54: 212 | 55-64: 175 | 65+: 237
Gender chart:
This chart shows that males are more likely to have experienced the Coronavirus outbreak having a positive impact on their household finances than females (20% compared to 13% of females).
Gender
Base Male: 642 | Female: 617
Household income chart:
This chart shows that lower income households were more negatively affected by the Coronavirus outbreak (46% in wave 2); a trend seen in both wave 1 and wave 2. In wave 2 a higher proportion of households with an income of £20,000+ reported a negative impact than in wave 1.
Household income chart
Base <20,000: W1 (353) W2 (223) | £20,000-£39,000: W1 (529) W2 (281) | £40,000-£59,999: W1 (332) W2 (251) | £60,000+: W1 (310) W2 (207)
Household Composition chart:
This chart shows that a higher proportion of households with children reported that the Coronavirus outbreak had a negative impact on their household finances (46%) compared to those with no children (32%).
Household composition chart
Base Households with children: 367 | Households with no children: 843
Key differences by demographic
Age
16-24 year olds were hardest hit with over half reporting a negative impact of the outbreak on their household finances (increase of 20 percentage points from W1), and no resident this age reporting a positive effect. Older age groups were least affected which is a similar trend to W1.
Gender
The same trend was found with W1; men were more likely to report a positive impact on their household finances compared to women.
Household income
Lower income households were more negatively affected by the Covid-19 outbreak. This is a similar trend to W1.
However, there were large percentage point changes in those earning £20,000-£39,000 and £60,000+ reporting a positive impact from W1 (33% to 14% and 42% to 25% respectively).
