We are currently working on the following overarching themes:
An estimated 1.5 million adults in the UK don’t have a transactional bank account and many more are under-banked, this has a significant impact on the financial health of the UK. Read more about banking.
Rising costs and more irregular or insecure employment has squeezed household incomes and forced millions of households to rely on credit to make ends meet. Read more about affordable credit and its impact on financial health.
Savings and financial resilience
People on low incomes or living in poverty often lack any form of savings, recent research found that 41% of UK households could not last three months without their main source of income. Read more about savings and financial resilience.
The term ‘Poverty Premium’ describes the additional fees, charges or higher prices people pay as a result of being poor, this costs some people an extra £1280 a year. Read more about the Poverty Premium.
Ensuring that welfare reform is designed and implemented so that it effectively supports the financial health of the benefits claimants and their families is crucial if we are to achieve a financially capable and resilient UK population. Read more about welfare reform.
Debt and advice services
Debt and benefits advice, as well as advice on employment, housing and other issues which have a significant impact on financial health, form an essential part of the financial health landscape. Read more about debt and advice services.
To see our policy work in action, download our policy consultations from the knowledge bank.