Credit Counts and COVID-19: A rapid evidence review
A summary of recent evidence for the Money and Pensions Service on the impact of Covid-19 on levels of credit use among UK adults and especially the use of consumer credit for everyday essentials.
A comprehensive and replicable review of all relevant studies on a topic with a summary of findings
An indicative review of a sample of relevant studies on a topic with a summary of findings
Topics: Credit Use and Debt
Country/Countries: United Kingdom
Year of publication: 2022
UK Adult Financial Wellbeing Survey 2021 Gender Report
Analysis of the UK Adult Financial Wellbeing Survey 2021 by the Money and Pensions Service which compares measures of financial wellbeing between men and women in the UK in 2021.
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Saving, Pensions and Retirement Planning, Credit Use and Debt, Budgeting and Keeping Track, Financial Capability
Country/Countries: United Kingdom
Year of publication: 2023
UK Adult Financial Wellbeing Survey 2021 Credit Counts Report
Analysis of the Adult Financial Wellbeing Survey 2021 by the Money and Pensions Service which explores credit use among UK adults in 2021, including for the Credit Counts Agenda for Change measure.
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Credit Use and Debt
Country/Countries: United Kingdom
Year of publication: 2022
UK Adult Financial Wellbeing Survey 2021: Mental Health Report
Analysis of the Money and Pensions Service’s Adult Financial Wellbeing Survey 2021 to explore groups affected by mental health problems and links to financial wellbeing in the UK.
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Saving, Pensions and Retirement Planning, Credit Use and Debt, Budgeting and Keeping Track, Financial Capability
Country/Countries: United Kingdom
Year of publication: 2022
Measuring the long-term impacts of debt advice, 2021
Results from a two-year quantitative longitudinal pilot study by the Money and Pensions Service to understand in-depth the medium and long-term impacts of encouraged debt advice on clients in the UK.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Credit Use and Debt
Country/Countries: United Kingdom
Year of publication: 2022
Better Debt Advice and COVID-19
An overview of early evidence on the likely impacts of COVID-19 on debt advice need and provision in the UK, undertaken for the Money and Pensions Service.
A comprehensive and replicable review of all relevant studies on a topic with a summary of findings
An indicative review of a sample of relevant studies on a topic with a summary of findings
Topics: Credit Use and Debt
Country/Countries: United Kingdom
Year of publication: 2021
Does robo-advice improve people’s loan repayment decisions?
An experimental trial of the effects of free and paid-for robo-advice on loan repayment decisions, run by the Financial Conduct Authority with participants representative of UK adults.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Credit Use and Debt
Country/Countries: United Kingdom
Year of publication: 2022
Fair for You’s Food Club and Shopping Card trials
Providing low-income shoppers with small-sum, not-for-profit credit solutions provided by Fair For You, in partnership with Iceland and supported by Nesta, Fair4All Finance and the Esmee Foundation
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Credit Use and Debt
Country/Countries: United Kingdom
Year of publication: 2022
Falling behind to keep up: the credit safety net and problem debt
A report based on new quantitative research, into the extent to which credit is being used as a safety net by adults in the UK. It includes consideration of who uses such borrowing and why, and its impact.
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Credit Use and Debt
Country/Countries: United Kingdom
Year of publication: 2022
Informal borrowing and mental health problems research
Research into how informal borrowing affects people experiencing mental health problems and what can be done to help.
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Credit Use and Debt
Country/Countries: United Kingdom
Year of publication: 2018
In this insight report, Independent Age highlight new research commissioned from City, University of London into income dynamics in later life, set out their policy calls for tackling poverty in later life, and discuss the different ways of defining and measuring poverty.
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Pensions and Retirement Planning, Credit Use and Debt
Country/Countries: United Kingdom
Year of publication: 2022
This report from the Bevan Foundation explores the impact of the pandemic on problem debt in Wales.
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Credit Use and Debt
Country/Countries: Wales
Year of publication: 2021
Wealth of the Nation: 2021 Report
In this seventh annual report, CACI have analysed the latest Paycheck data to reveal the state of the nation’s finances and investigate whether Covid-19 has influenced an increased disparity in income and if the impact has been uniform across the country.
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Saving, Credit Use and Debt
Country/Countries: United Kingdom
Year of publication: 2021
Access to Debt Advice During Covid-19
A qualitative study of the effect the closure of in-person services during the pandemic had on the accessibility and delivery of debt advice in the UK.
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Credit Use and Debt, Financial Capability
Country/Countries: United Kingdom
Year of publication: 2022
Why Adults Regularly Use Credit for Food and Bills: A Review
This review draws on research evidence from the last five years to consider why a substantial minority of households regularly use credit for essentials.
A comprehensive and replicable review of all relevant studies on a topic with a summary of findings
An indicative review of a sample of relevant studies on a topic with a summary of findings
Topics: Credit Use and Debt
Country/Countries: United Kingdom
Year of publication: 2020
Does borrowing behaviour influence financial wellbeing?
Standard Life Foundation commissioned the University of Bristol to conduct a rapid evidence review to understand people’s borrowing behaviour and how it impacts their financial wellbeing.
A comprehensive and replicable review of all relevant studies on a topic with a summary of findings
An indicative review of a sample of relevant studies on a topic with a summary of findings
Topics: Credit Use and Debt
Country/Countries: United Kingdom
Year of publication: 2019
An outstanding balance? Inequalities in the use – and burden – of consumer credit in the UK
This briefing note from Resolution Foundation explores changes in the use of consumer debt over the past decade and argues that policymakers should turn their attention to the spread of consumer debt, and specifically the extent to which low-to-middle income households are increasingly exposed.
A comprehensive and replicable review of all relevant studies on a topic with a summary of findings
An indicative review of a sample of relevant studies on a topic with a summary of findings
Topics: Credit Use and Debt
Country/Countries: United Kingdom
Year of publication: 2020
Shining a light on illegal money lending: consumer experiences
The Financial Conduct Authority (FCA) carried out this research to improve their understanding of illegal money lending, by hearing the stories of hard-to-reach consumers from those who work to help them.
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Credit Use and Debt
Country/Countries: United Kingdom
Year of publication: 2017
Time to Act: A Field Experiment on Overdraft Alerts
As part of the high-cost credit review, the FCA wanted to understand the impact of automatically enrolling customers into just-in-time arranged overdraft alerts and early warning alerts for overdrafts and unpaid items.
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Credit Use and Debt
Country/Countries: United Kingdom
Year of publication: 2018
Money and Mental Health Rapid Evidence Review
This report outlines the findings of a rapid evidence review of recent studies considering the links between money and mental health in the UK to highlight new findings on the relationships between money (defined broadly as personal financial circumstances) and mental health and to reflect on the extent to which the context of the COVID-19 pandemic and the current cost of living situation has shaped these issues.
A comprehensive and replicable review of all relevant studies on a topic with a summary of findings
An indicative review of a sample of relevant studies on a topic with a summary of findings
Topics: Saving, Credit Use and Debt, Financial Capability
Country/Countries: United Kingdom
Year of publication: 2023
