Financial Wellbeing survey

This survey has now closed.

A summary of results from our Spring 2025 survey

Housing:

• 2,663 Members completed the survey.
• Over 82% of members did not believe the Government will achieve its target of building 1.5 million new homes during the course of the current Parliament.
• Just over half of Family Building Society members suggested encouraging building on brownfield sites and on land that already had planning permission, as well as scrapping stamp duty for downsizers.
• Nearly half of members thought incentivising landlords to turn commercial properties into residential use would also help and as well as increasing the infrastructure levy to support local communities.

Economy:

• Three-quarters of members expect the economy to slow down over the next six months fuelled by trade tariffs, worldwide political instability and the ongoing cost of living crisis.
• Just over 90% see trade tariffs as negative, with 75% believing they will force the Bank of England to cut interest rates by between 0.25 and 0.5%.
• Over 42% think their personal financial situation will worsen with 28% expecting their pension and investment incomes to be negatively affected with 66% seeing that as a threat to their financial wellbeing.
  

*Prize draw terms and conditions:

1. The closing date is Monday 28 April 2025 at 5pm.
2. Only one entry per person.
3. No purchase necessary.
4. Prize draws and competitions are only open to UK residents aged 18 years or over.
5. Employees of Family Building Society and their families are ineligible to enter.
6. The prize draw is £250 which can be paid by transfer to your bank account or by cheque.
7. The winner will be drawn randomly using a secure computer-based program under
independent supervision. The judge will oversee the draw and the judge’s decision is final.
8. Our website will be updated to confirm the draw has taken place no later than Monday 5 May 2025. We will not publish the winner’s name to maintain their anonymity.