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Summary

  • The rising cost of living is causing widespread concern amongst residents in relation to their ability to manage their finances (80% are ‘very/ quite concerned’)
  • Concern is higher amongst those aged 16-44, residents from ethnic minority groups (95%), those earning less than £40k (up to £20k 89%, up to £40k 86%), those with disabilities (85%), renters (LA 90%, private 92%) and households with children in (90%)

Overall, how concerned are you about the rising cost of living overall in relation to your ability to manage your finances?

Weighted base: W5 sample: 2,049


This chart shows that of the total sample 34% are very concerned, 46% are quite concerned, 11% are neither concerned nor unconcerned, 7% are not very concerned and 2% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.

Overall, how concerned are you about the rising cost of living overall in relation to your ability to manage your finances? - by age

Weighted base: 16-24: 395 | 25-34: 353 | 35-44: 334 | 45-54: 309 | 55-64: 284 | Over 64: 374


This chart shows that
Of 16-24 year olds 41% are very concerned, 48% are quite concerned, 7% are neither concerned nor unconcerned, 3% are not very concerned and 2% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.
Of 25-34 year olds 39% are very concerned, 45% are quite concerned, 8% are neither concerned nor unconcerned, 6% are not very concerned and 2% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.
Of 35-44 year olds 38% are very concerned, 47% are quite concerned, 9% are neither concerned nor unconcerned, 6% are not very concerned and 1% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.
Of 45-54 year olds 39% are very concerned, 41% are quite concerned, 10% are neither concerned nor unconcerned, 9% are not very concerned and 2% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.
Of 55-64 year olds 28% are very concerned, 48% are quite concerned, 13% are neither concerned nor unconcerned, 8% are not very concerned and 3% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.
Of over 64 year olds 21% are very concerned, 48% are quite concerned, 17% are neither concerned nor unconcerned, 9% are not very concerned and 5% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.

Overall, how concerned are you about the rising cost of living overall in relation to your ability to manage your finances? - by disability

Weighted base: Disability: 410 | No disability: 1,639


This chart shows that
Of residents with a disability, 40% are very concerned, 45% are quite concerned, 8% are neither concerned nor unconcerned, 4% are not very concerned and 3% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.
Of residents with no disability, 33% are very concerned, 46% are quite concerned, 11% are neither concerned nor unconcerned, 7% are not very concerned and 2% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.

Overall, how concerned are you about the rising cost of living overall in relation to your ability to manage your finances? - by annual household income

Weighted base: <£19,999 : 325 | £20,000-£39,999: 642 | £40,000-£59,999: 410 | >£60,000: 441


This chart shows that
Of households with an annual income of under £20,0000, 54% are very concerned, 35% are quite concerned, 8% are neither concerned nor unconcerned, 2% are not very concerned and 1% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.
Of households with an annual income of £20,000 – £39,999, 41% are very concerned, 45% are quite concerned, 8% are neither concerned nor unconcerned, 4% are not very concerned and 2% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.
Of households with an annual income of £40,000 – £59,999, 27% are very concerned, 48% are quite concerned, 12% are neither concerned nor unconcerned, 9% are not very concerned and 3% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.
Of households with an annual income of £60,000 or more, 22% are very concerned, 51% are quite concerned, 13% are neither concerned nor unconcerned, 11% are not very concerned and 3% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.

Overall, how concerned are you about the rising cost of living overall in relation to your ability to manage your finances? - by ethnic group

Weighted base: White: 1,772 | Ethnic minority: 277


This chart shows that
Of those from white ethnic groups 30% are very concerned, 48% are quite concerned, 12% are neither concerned nor unconcerned, 7% are not very concerned and 3% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.
Of those from ethnic minority groups 63% are very concerned, 32% are quite concerned, 4% are neither concerned nor unconcerned, and 2% are not very concerned about the rising cost of living in relation to their overall ability to manage their finances.

Overall, how concerned are you about the rising cost of living overall in relation to your ability to manage your finances? - by housing status

Weighted base: Property owners: 1,190 | LA renters: 147 | Private renters: 545


This chart shows that
Of property owners 25% are very concerned, 49% are quite concerned, 13% are neither concerned nor unconcerned, 9% are not very concerned and 3% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.
Of those renting from the local authority or a housing association 59% are very concerned, 31% are quite concerned, 5% are neither concerned nor unconcerned, 3% are not very concerned and 2% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.
Of those renting privately 48% are very concerned, 44% are quite concerned, 6% are neither concerned nor unconcerned, 1% are not very concerned and 1% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.

Overall, how concerned are you about the rising cost of living overall in relation to your ability to manage your finances? - by children in household

Weighted base: Children: 530 | No children: 1,509


This chart shows that
Of households with children 49% are very concerned, 41% are quite concerned, 7% are neither concerned nor unconcerned, 4% are not very concerned and 1% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.
Of households with no children 30% are very concerned, 48% are quite concerned, 12% are neither concerned nor unconcerned, 8% are not very concerned and 3% are not at all concerned about the rising cost of living in relation to their overall ability to manage their finances.