Half of UK adults are financially vulnerable, City watchdog finds - News Summed Up

Half of UK adults are financially vulnerable, City watchdog finds


4.5 million adults have been turned down for a financial product in the last two years. 40% of the population have confidence in the UK financial services industry. About 12 million adults have received an unsolicited approach that may be a scam, and 100,000 have lost money. The survey, the largest tracking survey on consumers and finance in the UK, threw up a number of idiosyncracies. The survey found that 19% of households with an income of under £15,000 were “highly satisfied” with their financial circumstances.


Source: The Guardian October 18, 2017 10:13 UTC



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