In these uncertain economic times Acumen has been finding out the general public is feeling about the current cost of living and economic situation. In October we ran the first of a number of pulse surveys with our database. We will be running the surveys to track changes over time with consumers.
The first survey saw almost 2800 responses across a breadth of the population aged from 16 to 74 and from across the UK. We found that only 6% of participants felt that their household financial situation had improved in the last 6 months, whereas 73% felt that it had worsened. 94% of respondents were concerned about the cost of living and economic situation, with grocery, electricity, travel costs, and gas being the areas of household spending which had seen price increases.
In order to cope with the change, most reported that they were reducing spending on energy, eating out, takeaways and clothing, and only 1% said that their behaviour had not changed at all.
To see the full results please contact Liz.Diez@acumenfieldwork.com
Our next survey will be looking at the impact of the Cost of Living and the economy on businesses in particular and those with healthcare needs.
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