Households' saving rate during COVID-19 in the UK Q1 2020-Q1 2021

Published by
Fernando de Querol Cumbrera,
Feb 22, 2023
Household gross saving rate in the United Kingdom spiked during the second quarter of 2020, reaching 25.9 percent, nearly three times as high as in the first quarter of the year. This unprecedented increase is due to the coronavirus (COVID-19) outbreak and the resulting widespread lockdown and temporary business closures. a similar increase can be seen during the second generalized lockdown implemented during the first quarter of 2021.

Households' saving rate during the coronavirus (COVID-19) pandemic in the United Kingdom (UK) from 1st quarter 2020 to 1st quarter 2021

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Release date

June 2021

Region

United Kingdom

Survey time period

Q1 to Q1 2021

Supplementary notes

Seasonally adjusted data.

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