Table of Contents
Key Findings
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- Consumer sentiment
- The election campaign compounded an already difficult environment…
- …and the result has only added to the uncertainty
- Attitudes towards Brexit
- Prices are still the main concern
- The election result has intensified Brexit-related concerns
- Key economic indicators
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- Figure 1: Key economic indicators, July 2017
Consumers’ Response to the EU Referendum Result
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- What you need to know
- Brexit-related concerns have intensified
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- Figure 2: Level of concern over the impact of the EU referendum, July 2016-June 2017
- Prices are still the major concern
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- Figure 3: Consumer views on the impact of the EU Referendum on the UK economy, June 2017
- People are concerned, but not panicking
- Strong regional differences…
- …as well as financial disparities
Current Financial Situation
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- What you need to know
- Three months of falling sentiment…
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- Figure 4: “How would you generally describe your financial situation at the moment?”, June 2017
- …but people are still more positive than they were pre-2016
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- Figure 5: The financial wellbeing index, February 2009-June 2017
- Older people are still the most comfortable…
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- Figure 6: “How would you generally describe your financial situation at the moment?”, by generation, June 2017
- …and there’s still a gulf between higher and lower earners
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- Figure 7: “How would you generally describe your financial situation at the moment?”, by household income, June 2017
Changes in Financial Wellbeing
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- What you need to know
- The income squeeze is back on
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- Figure 8: “How would you describe your finances compared to a year ago?”, June 2017
- Household finances have been drifting since the referendum
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- Figure 9: Changes in household finances, July 2011-June 2017
- Millennials still feel they’re on the way up
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- Figure 10: “How would you describe your finances compared to a year ago?”, by generation, June 2017
Financial Confidence
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- What you need to know
- A dip in confidence – but most still think they’ll be fine
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- Figure 11: “And how do you feel about your financial situation over the next year or so?”, June 2017
- A year of volatility
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- Figure 12: The financial confidence index, January 2009-June 2017
- Things can only get…?
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- Figure 13: Financial confidence, by current financial situation, June 2017
Spending Plans
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- What you need to know
- Shifts in spending plans are partly seasonal
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- Figure 14: “Thinking about how you spend your money, which of the following have you done over the last three months? And which do you plan to do over the next three months?”, June 2017
- Figure 15: The financial activity index, June 2012-June 2017
- Financial confidence is shaping spending intentions…
- …and this is reflected in Millennials’ spending plans
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