Poor household finances risk choking off recovery
Category: Recession and Recovery
Date: 19. August 2011
Britain’s households continue to feel the financial strain and are anxious about their jobs, according to new polling from independent think tank the Resolution Foundation. The research, carried out by respected polling firm Ipsos MORI, finds that:
• Fewer than half (48%) of people in low-to-middle income households have cash left over at the end of each month
• Fewer than three in ten (27%) in low-to-middle income households make monthly savings.
The poll also reveals high levels of anxiety about job security - just two in five (41%) of those currently in work said they felt secure in their job; and for part timers this dropped to 33%.
