Financial plans boost confidence amid £35,000 wealth drop

This is according to research conducted for SJP by Opinium, among 6,000 adults between 16 to 25 October 2023. SJP's Financial Health research revealed that over the last 12 months the cost of living crisis has seen household wealth drop 23%, from £147,762 to £113,154, with London (53% drop), Scotland (50% drop) and Wales (13% drop). One in three (30%) are putting less money into savings, or stopping saving altogether, because of the economic climate. The research also found that 41% have a financial plan, and those aged under 34 are more than twice as likely to have one (61%) compa...