YOUR NEW ANALYSIS HIGHLIGHTS THE IMPACT OF THE CORONAVIRUS CRISIS ON FAMILIES FINANCIALLY. WHAT ARE THE KEY FINDINGS?
Our new analysis of Government figures suggests most children in the UK are living in families with little or no savings to shield them from the unprecedented economic disruption to family finances expected from the coronavirus crisis.
A month into a lockdown that has seen millions of jobs put at risk, our pre-pandemic snapshot shows at least 8.6 million children – nearly two-thirds (63 per cent) of all children in the UK – were living in families with savings less than the average monthly income (£1,569). Half of children (51 per cent) live in families with no savings at all.
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