Reacting to the GfK consumer confidence index, Sarah Pennells, Consumer Finance Specialist at Royal London says:
“This is definitely a mixed picture, with people feeling more confident about some areas of their finances and less so about others. Although people are putting off big-ticket purchases, it’s encouraging that more consumers want to save. We know that many people who worked at home during the pandemic have been able to save more, but there are many others who have little by way of savings, and who would currently struggle if their bills rose suddenly or there was an unexpected expense.”
About Royal London
Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £153 billion, 8.8 million policies in force and 4,075 employees. Figures quoted are as at 30 June 2021.
For further information please contact:
Sarah Pennells, Consumer Finance Specialist
- Email: Sarah.Pennells@royallondon.com
- Mob: 07919 170949