Only a third of Brits feel in control of their finances, reveals poll

About The Authors

15th April 2019 17:16 - Financial Services

Only a third of Brits feel in control of their finances: A survey asking respondents questions about their finances and how they manage their money found that only a third feel ‘in control’ of their financial situation.

The poll by insolvency practise Creditfix found 34% felt as though they had a hold on their finances, while more than half of the respondents polled said they had no idea how much money they had in their account at this time.

When it came to keeping on top of their finances, the research which polled 1,000 UK adults, found just a fifth (20%) regularly log their expenditure each month to give a better picture of their overall financial situation. Fourteen percent (14%) said they check their account but only twice a month.

Probing respondents a little further about reasons they did not keep a tighter eye on their financial affairs the poll found 31% blamed their actions on lack of time to log how much they were spending.

Fifteen percent admitted the reason they don’t keep in the loop about their bank balance is because they simply preferred not to.



Sign up for free insights from your sector…

Antispam code: 3284

Support Us..

We hope that you have found this article useful. This section is freely available for all to use. Please help support it by liking us or following us on our social media platforms:

Share this article..


For updated Financial Services insights please follow us on @DJS_Finance or use our RSS feed

Other Financial Services Research Findings

Other Latest Market Research Insights

© DJS Research 2019