R3 – Personal Debt Snapshot, Wave 25

A survey of 2,004 British Adults on behalf of R3 on the state of their personal finances

Two in five (40%) British adults say that they are worried about their current level of debt.
Half (48%) of British adults who are worried about their current level of debt say they are worried about their credit card debt, in line with October 2018 (48%) and considerably higher than the proportion who are worried about the other kinds of debt tested.
One in five (22%) British adults say that they do not have any savings at all at the moment, although they are more likely to think their personal financial situation will improve over the next six months (21%) than worsen (17%).
Two in five British adults (40%) say they often/sometimes struggle to make it to payday – a 3 percentage point increase since the last wave (37%), and a return to the levels last recorded in August 2017 (40%).
Approaching one in five British adults (17%) say that in the past month they spent up to £100 more than they received in monthly income.
In addition, a further 7% say they spent £100-£300 more than they received in monthly income with another 3% saying they spent more than £300.

Date Published: 13/05/2019

Categories: Business | Finance | GB | Public and communities

Client: R3

Methodology

ComRes interviewed 2,004 British adults online between 29^th and 31^st March 2019. 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.