Financial Lives January 2023: rising cost of living
An interim report, based on some additional survey data focusing on the cost of living, published in advance of the main Financial Conduct Authority ‘Financial Lives’ survey report
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: Budgeting and Keeping Track
Country/Countries: United Kingdom
Year of publication: 2023
A projection from 2019/20 household income data based on a DWP survey, through to 2026/7 showing what economic forecasts will mean for disposable incomes, poverty and inequality.
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
Country/Countries: United Kingdom
Year of publication: 2022
Impact of rising cost of living on finances and pensions
Research by the Financial Services Compensation Scheme (FSCS) to explore the impact of the cost-of-living crisis on people’s finances and in particular on their behaviour around pensions.
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, Budgeting and Keeping Track
Country/Countries: United Kingdom
Year of publication: 2023
An online survey by Money and Mental Health of UK adults with and without mental health problems which explored levels of financial difficulty and the links with mental health problems during Covid-19
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, Budgeting and Keeping Track
Country/Countries:
Year of publication: 2021
The essential guide to understanding poverty in the UK, 2023
A comprehensive review, by the Joseph Rowntree Foundation, of the latest evidence to identify trends and understand the experiences and challenges of poverty in the UK in 2022
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, Budgeting and Keeping Track
Country/Countries: United Kingdom, England, Scotland, Northern Ireland, Wales
Year of publication: 2023
The Financial Wellbeing of Scottish Households: Navigating the cost of living crisis
A cross-sectional survey by University of Bristol and YouGov to explore the impact of the cost-of-living crisis on Scottish households compared with households in the rest of the UK in autumn 2022.
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, Budgeting and Keeping Track
Country/Countries: United Kingdom, Scotland
Year of publication: 2023
A survey and qualitative interviews with users of Wagestream’s flexible-pay feature to understand the behavioural and financial wellbeing impacts of giving UK workers flexibility with their pay cycles
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, Budgeting and Keeping Track
Country/Countries: United Kingdom
Year of publication: 2023
Money and Me Campaign Evaluation
A short, high-intensity digital media campaign run by Young Scot in Scotland to engage young people with Money and Me which provides online information about budgeting, saving, spending and taxes.
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: Saving, Budgeting and Keeping Track, Financial Education, Financial Capability
Country/Countries: United Kingdom, Scotland
Year of publication: 2022
A mixed-methods study by MMHPI to understand the disproportionate economic and health disadvantage people with mental health problems face in some areas of the UK and how a place can help or harm people’s mental health and finances.
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, Budgeting and Keeping Track
Country/Countries: United Kingdom, England, Scotland, Northern Ireland, Wales
Year of publication: 2022
The State of Financial Wellbeing: The Cost of Living Report 2022
Surveys by Wagestream of UK employees and employers to explore the impact of the cost-of-living crisis on employee financial wellbeing, employer response and the impact of this on their employees.
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, Budgeting and Keeping Track
Country/Countries: United Kingdom
Year of publication: 2022
‘Fun to finance’ workshops and Money Mentoring with women
A mixed-methods evaluation of the Many Sisters ‘Fun to finance’ practical lifestyle workshops and 1-2-1 Money Mentoring delivered online by Southern Housing Group to women tenants in East London
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: Saving, Credit Use and Debt, Budgeting and Keeping Track, Financial Education, Financial Capability
Country/Countries: United Kingdom, England
Year of publication: 2021
A Cost-Benefit Evaluation of The Money House 5-Day Programme
A social cost-benefit analysis of MyBnk’s Money House 5-day programme, which delivers financial literacy education to young people aged 16-25 who live or are about to live independently in London.
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, Budgeting and Keeping Track, Financial Education, Financial Capability
Country/Countries: United Kingdom, England
Year of publication: 2020
Measuring Financial Literacy of Children Aged 4 to 6 years: Design and small-scale testing
Design, development and small-scale testing of a comic-strip based financial literacy measurement tool for children aged 4 to 6 years in a range of settings undertaken by Loughborough University.
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: Saving, Budgeting and Keeping Track, Financial Capability
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: 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
UK Adult Financial Wellbeing Survey 2021 Nation of Savers Report
Analysis of the Money and Pensions Service’s 2021 Adult Financial Wellbeing Survey to explore the links between regular saving and financial wellbeing, especially among squeezed and struggling working-age adults 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, Budgeting and Keeping Track
Country/Countries: United Kingdom
Year of publication: 2022
Rising cost of living and its impact on UK household
A briefing paper prepared by the House of Commons Library in early 2023, summarising mainly official statistics, forecasts and Government policies relating to inflation and its impact on UK households
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: Budgeting and Keeping Track
Country/Countries: United Kingdom
Year of publication: 2023
Financial wellbeing in the workplace: an evidence review
This review sought to explore what is known in the scientific literature about the impact of financial distress on workplace performance. It generated evidence-based insight and practical recommendations for addressing employee financial wellbeing in the workplace.
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: Budgeting and Keeping Track, Financial Capability
Country/Countries: United Kingdom
Year of publication: 2021
Money and mental health financial tool feedback report
A tool used by practitioners/support workers in mental health services to address financial worries, debt, and money management among patients. It was delivered in South Tyneside and Sunderland Lifecycle Primary Care Mental Health Service and Tyneside and Northumberland MIND, targeting individuals with mental health issues.
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, Budgeting and Keeping Track, Financial Capability
Country/Countries: England
Year of publication: 2022
Open Banking for Good: Moving the Dial?
A B2B qualitative evaluation of a programme by Nationwide Building Society to fund Fintech’s to develop Open Banking technology to help the financially squeezed.
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: Budgeting and Keeping Track, Financial Capability
Country/Countries: United Kingdom
Year of publication: 2019
