The Money Charity Stats October 2020 published

Industry News | 05/11/20

Striking Numbers:

28.1% Proportion of household income saved in April to June 2020, influenced by Covid-19 lockdown and furlough.

-13.8% Change in outstanding credit card balances in year to August 2020.

2 Million Increase in the number of people with low financial resilience since February 2020.

31% Proportion of adults experiencing reduced income as a result of the pandemic, with income falling by a quarter on average.

Source: The Money Charity