Living standards

Wednesday 21 April 2021

Covid Comparisons

How household finances have been hit across the UK, France and Germany

The Covid-19 pandemic has been a truly global crisis but, while every country has been affected, not all have been affected equally. Individual countries have taken different approaches to tackling the virus, and protecting workers and families from its economic impacts. Crucially households entered this crisis with very different levels of financial resilience in different countries.

In a groundbreaking new project, supported by JPMorgan Chase, the Resolution Foundation has examined and compared the strengths and weaknesses of family finances across the UK, France and Germany on the eve of the crisis, the impact of the pandemic, and how households have coped in terms of their incomes, employment, savings and debt.

To mark the culmination of this project and final report, the Resolution Foundation is hosting an interactive webinar with leading experts. Speakers will discuss households’ financial resilience during the crisis, and what it means for public policy in the recovery. Viewers will be able to submit questions to the panel before and during the event.

We will also be discussing the research at a Bruegel event – Living Standards and financial resilience across Europe – on the afternoon of Wednesday 21st April. Further details are here.