The coronavirus (COVID-19) impacted people's financial situation worldwide. The results of a survey conducted in Great Britain revealed that, due to the COVID-19 pandemic and the measures taken by the government to tackle the outbreak, approximately one in three adults saw their savings decrease, even though to a different extent. On the other hand, 17 percent of respondents revealed that their savings increased during the pandemic. According to the results of the survey, differences between age groups have emerged. Nearly one in two over-45-year-olds said that the pandemic had no impact on their savings, while one in three 18-to-34-year-olds reported the same.
Impact of the coronavirus (COVID-19) pandemic on savings in Great Britain in 2020, by age group
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Statistics on Savings during COVID-19 in selected advanced economies worldwide
Worldwide
5
- Premium Statistic Household saving rate in selected countries worldwide 2020
- Premium Statistic Excess savings as share of GDP during COVID-19 in selected countries 2020
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United States
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Canada
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- Premium Statistic Quarterly household saving rate in Canada 2019-2022
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European Union
6
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- Premium Statistic Use of personal savings during COVID-19 in the EU 2020, by gender
- Premium Statistic Use of personal savings during COVID-19 in the EU 2020, by age group
United Kingdom
6
- Premium Statistic Households' saving rate during COVID-19 in the UK Q1 2020-Q1 2021
- Premium Statistic Household savings value during COVID-19 in the UK Q1 2020-Q1 2021
- Premium Statistic COVID-19 impact on savings in Great Britain 2020
- Premium Statistic COVID-19 impact on savings in Great Britain 2020, by age group
- Premium Statistic COVID-19 impact on savings in Great Britain 2020, by gender
- Premium Statistic Households' plans for savings accumulated during COVID-19 in the UK 2020
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YouGov. (May 26, 2020). Impact of the coronavirus (COVID-19) pandemic on savings in Great Britain in 2020, by age group [Graph]. In Statista. Retrieved March 25, 2023, from https://www.statista.com/statistics/1220025/covid-19-impact-on-savings-great-britain-by-age/
YouGov. "Impact of the coronavirus (COVID-19) pandemic on savings in Great Britain in 2020, by age group." Chart. May 26, 2020. Statista. Accessed March 25, 2023. https://www.statista.com/statistics/1220025/covid-19-impact-on-savings-great-britain-by-age/
YouGov. (2020). Impact of the coronavirus (COVID-19) pandemic on savings in Great Britain in 2020, by age group. Statista. Statista Inc.. Accessed: March 25, 2023. https://www.statista.com/statistics/1220025/covid-19-impact-on-savings-great-britain-by-age/
YouGov. "Impact of The Coronavirus (Covid-19) Pandemic on Savings in Great Britain in 2020, by Age Group." Statista, Statista Inc., 26 May 2020, https://www.statista.com/statistics/1220025/covid-19-impact-on-savings-great-britain-by-age/
YouGov, Impact of the coronavirus (COVID-19) pandemic on savings in Great Britain in 2020, by age group Statista, https://www.statista.com/statistics/1220025/covid-19-impact-on-savings-great-britain-by-age/ (last visited March 25, 2023)
Impact of the coronavirus (COVID-19) pandemic on savings in Great Britain in 2020, by age group [Graph], YouGov, May 26, 2020. [Online]. Available: https://www.statista.com/statistics/1220025/covid-19-impact-on-savings-great-britain-by-age/