A survey of 2,004 British Adults on behalf of R3 on the state of their personal finances.
- Since August 2017, there has been a decline in the proportion of British adults saying they are at least fairly worried about their current level of debt, moving from 41% to 34% in this wave.
- However, credit card debt still remains the leading cause of debt worries, particularly amongst older age groups.
- One in five (20%) British adults contributed to their pension in the last month, however a similar proportion (19%) say they have no savings.
- A third (34%) of British adults say that they struggle at least sometimes to make it to payday, the lowest level seen since June 2013.
- The cost of food remains the most common reason for British adults struggling to meet it to payday, followed by household energy costs, and fuel or transport costs.
- Younger British adults are less likely to own a credit card than their older counterparts, but are more likely to have outstanding balances on credit cards they do own.
Date Published: 10/07/2018
Categories: Economy | Personal Finance | Public and communities | UK
ComRes interviewed 2,004 British adults online between 18th and 19th of April 2018. Data were weighted by age, gender, region and socio-economic grade to be representative of all British adults. ComRes is a member of the British Polling Council and abides by its rules.