Increase in pessimism towards personal finance since Brexit

Increase in pessimism towards personal finance since Brexit

  • A new survey of over 2,000 British adults by insolvency and restructuring trade body R3 and ComRes say almost 1 in 5 British adults think their personal financial situation will worsen over the next six months.
  • In fact, men and women worry about their future personal finance at similar levels. With 20% of men and 18% of women.
  • This is the highest level of pessimism towards personal finance since February 2014 with the highest levels being located in the West Midlands.
  • Mark Sands, Chair of R3's Personal Insolvency Committee and a Partner at RSM, noted that, "the changes coincide with the period of rising inflation- and falling real wage growth", so while "the continued consumer confidence across the UK since the vote has kept the economy buoyant… pessimism seems to be creeping back in".