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Month: November 2021

6.4 million ‘accidental savers’

Pandemic has seen bank balances increase and debts such as credit card balances reduce

Figures for the entire economy conceal a great deal of variation in terms of the impact COVID-19 has had on household finances. Whilst millions of people have undoubtedly suffered considerably, a significant minority have found their financial position strengthened, with income largely unchanged and spending reduced.