England & Wales, Scotland Covid-19 , Economy and regeneration

Mind the gap: how Covid-19 has impacted on personal finances

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Summary

Covid-19 has had unequal effects on household finances. Wealthier families cut non-essential spending, increased savings and benefited from rising asset values, while poorer households were often unable to reduce spending and suffered a loss of income. Two new reports assess the worsening wealth gap left by the pandemic.

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