Financial Wellbeing survey

Thank you for your interest. Our Financial Wellbeing survey is now closed and the prize draw winner has been contacted.

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, and 66% seeing that as a threat to their financial wellbeing.