Rainy days


This latest report from UK think tank Resolution Foundation provides an audit of household wealth and the initial effects of Covid-19.

Families in Great Britain are faced with the most severe economic contraction in more than 100 years. Much of the immediate focus among policy makers has been on the size and distribution of falls in families’ incomes but household wealth, both savings and debt, will play a hugely important role in shaping how far families’ living standards will fall during the crisis. This report is the first in a series of comprehensive, annual reports covering the state of wealth in Britain. In it we focus on the scale and distribution of families’ assets and debt prior to the coronavirus crisis and what that means for living standards. The report also presents evidence from a new survey on how families’ balance sheets have been affected in the early phase of the crisis. The crisis is disproportionately affecting families on low-to-middle incomes and this has profound implications for policy makers.

Read Full Report

Explore our reports

  • Reset
Advanced search

Related Events

Mon

20

Sep

Good job?

This event, hosted by UK think tank the Resolution Foundation will discuss how our experience of work has changed over…

More Info

Wed

22

Sep

Building back better: prosperity and justice after Covid-19

This event, hosted by UK think tank IPPR will how the government can deliver structural economic reform to build back…

More Info

Wed

22

Sep

Major economic challenges: demographics

This event, hosted by UK think tank the IFS looks at one of the three major economic challenges identified by…

More Info