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Household finances - Coronavirus Survey

What impact has the Coronavirus (COVID-19) outbreak had on your household finances?

Summary

  • The Covid-19 outbreak had no impact on the household finances of just under half of residents.
  • Similar proportions of respondents reported that the outbreak had a positive (26%) and a negative (28%) impact on their household finances.
  • Lower income households were hardest hit; 41% of those earning less than £20,000 said that the Covid-19 outbreak had a negative impact on their household finances.
  • Higher earning households were more likely to see a positive impact; 42% of those earning £60,000+ found it had a positive impact.

Total sample

Base 1,923

This chart shows that the Covid-19 outbreak had no impact on the household finances of just under half of residents (46%) and that similar proportions of residents reported that the outbreak had a positive (26%) and a negative (28%) impact.

Age

Base 1,891

This chart shows that residents in the 25-44 year old age groups were hardest hit; Covid-19 had a negative impact on the household finances for over a third of them (36%). Older age groups were least affected; 64% of residents aged 65+ reported no impact.

Age

People in the 25-44 year old age groups were hardest hit; Covid-19 had a negative impact on the household finances for over a third of them. Older age groups were least affected.

Gender

Base 1,849

This chart shows that males were more likely to report a positive impact (31% compared to 22% of females) whilst females felt it had a negative impact on their household finances (30% compared to 24% of males).

Gender

Males were more likely to report a positive impact whilst females felt it had a negative impact on their household finances.

Household income

Base 1,524

This chart shows that lower income households were hardest hit; 41% of those earning less than £20,000 said that the Covid-19 outbreak had a negative impact on their household finances (compared to 17% of those earning £60,000+).

Household composition

Base 1,897

This chart shows that households with children suffered more from the outbreak; 40% reported a negative impact on household finances (compared to 24% of those with no children).

Household composition

Households with children suffered more from the outbreak; 40% reported that the outbreak had a negative impact on their household finances (compared to just 24% of those with no children).