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Financial Wellbeing survey - the results
Over recent years, we've sent out surveys to our Members to gather views on your financial wellbeing and the UK economy, as well as other housing issues. After receiving a large number of responses, we’ve summarised the key findings below.
A summary of results from our latest Financial Wellbeing survey
2,663 Members completed the Spring 2025 survey - a big thank you to everyone who took part!
What does the term 'financial wellbeing' mean to you?
'Financial wellbeing' is generally understood to mean being 'financially comfortable' and 'feeling secure'. Some of our Members defined it as:
“Having enough money to pay the bills”
“Not having to worry about my future”
"The ability to have savings"
Thoughts on the trade tariffs
A staggering 90% of members 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%.
Some comments include:
““They will inhibit growth in this country and even more so elsewhere in the world, including America, which appears to perceive tariffs as a punishment more than a reappraisal of trade relationships”
“Will act as a dampener on international trade, probably increase inflation and likely to kick of a US recession and possibly wider."
What are the biggest threats to your financial wellbeing?
The biggest threat to respondents' financial wellbeing was still cost-of-living, with worldwide political instability, investment returns, pension values and further change to the Bank of England interest rates factors following closely behind (as seen in the illustrated graph to the right).
Your thoughts on housing
Since our Spring 2024 survey, your confidence in economic growth has decreased by 13%, with a 42% increase in those who believed the UK economy would slow down.
The majority of you thought that house prices will either stay the same or increase over the next six months.
How can lenders reach Net Zero?
It was great to hear your thoughts on what lenders should do to support Net Zero goals. The most popular suggestions were implementing green incentives (46%), reducing energy usage (45%), and switching to renewable energy (43%). Interestingly, the number of Members who felt lenders shouldn’t take action rose slightly from 14% to 18%. Views have remained largely unchanged since our Autumn 2024 survey.
How can the Government get more people in to home ownership?
The majority of Members wanted Brownfield sites to be developed first (55%), closely followed by abolishing Stamp Duty for downsizers (54%) and providing incentives for the conversion of unused office space to residential use (48%).
Your feedback really helps
We’ll continue to run the survey at regular intervals over the coming years to enable us to track your views, your financial resilience, and that of your family, and to identify any emerging trends. The insight gained will help us to inform key stakeholders and the wider personal finance industry of our Members’ views.
What do you see as the biggest threat to your financial wellbeing?
