COVID-19 effect on cash savings in the UK 2020

Published by
Fernando de Querol Cumbrera,
Feb 8, 2023
According to a survey conducted in the United Kingdom (UK) in October 2020, approximately 26 percent of respondents declared that their cash savings increased during the coronavirus (COVID-19) outbreak compared to February 2020, either a lot or a little. On the other hand, 12 percent of respondents indicated that their cash savings decreased a lot during this period.

Change in cash savings during the coronavirus (COVID-19) outbreak in the United Kingdom (UK) between February 2020 and October 2020

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Source

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Release date

June 2021

Region

United Kingdom

Survey time period

October 2020

Number of respondents

22,267 respondents

Age group

18 years and older

Special properties

Adults

Method of interview

Questionnaire

Supplementary notes

The question was originally phrased by the source as follows: "Comparing your cash savings now (October 2020) and at the end of February. Overall, has your cash savings increased, decreased or stayed the same?" The source does not further specify what it defines by "a lot" or "a little".

The source does not provide any information regarding missing percentage points to 100 percent.

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