In the past three months, 41% of households either dipped into savings or borrowed money to cover their costs.On average, in the next 12 months, the cost of living crisis will wipe out any extra resilience we built during the pandemic.It’s going to hit those on lower incomes three times harder than those on the highest incomes.Those on lower incomes had less in lockdown savings to start with, so it will widen the gulf between higher and lower earners.The Cost of Living CrisisWe will be releasing more detailed findings covering every pillar of the Barometer and households in different circumsta…
