COVID-19 impact on savings in Great Britain 2020, by age group

The coronavirus (COVID-19) impacted people's financial situation worldwide. The results of a survey conducted in Great Britain revealed that, due to the COVID-19 pandemic and the measures taken by the government to tackle the outbreak, approximately one in three adults saw their savings decrease, even though to a different extent. On the other hand, 17 percent of respondents revealed that their savings increased during the pandemic. According to the results of the survey, differences between age groups have emerged. Nearly one in two over-45-year-olds said that the pandemic had no impact on their savings, while one in three 18-to-34-year-olds reported the same.