44% people in the UK feeling confident about their personal finances, finds Toluna COVID-19 Barometer

44% people in the UK feeling confident about their personal finances, finds Toluna COVID-19 Barometer
20.04.2020 12:19 pm

44% people in the UK feeling confident about their personal finances, finds Toluna COVID-19 Barometer

Covid-19 , Personal Finance

The Toluna and Harris Interactive COVID-19 Barometer is a bi-weekly index that taps into a community panel of 30+ million members providing accurate and timely information on the world’s perceptions regarding the Coronavirus. The latest research was carried conducted between April 9 2020 and April 14 2020 and surveyed 1,068 people in the UK.


As lockdown measures in the UK are extended by at least three more weeks, people have expressed their thoughts on their own financial security:

  • 44% are confident in their own personal finances since the pandemic lockdown started with over a third (33%) feeling very confident
  • 88% believe financial organisations such as their banks, credit card/loan networks and insurers have been supportive during the crisis
  • Half of respondents hold a lot of confidence in their personal or business bank to support them through the pandemic

The Bank of England and credit card networks also fare well as the survey revealed:

  • 44% of people hold credit card networks in high regard and have confidence in the support they’re providing
  • 38% have high confidence in the Bank of England, with 14% having very high confidence
  • Online banking remains the key engagement method with 22% more people switching to online banking in the last 2 weeks

Lucia Juliano, Head of CPG and Retail Research at Harris Interactive and Toluna said: “The pandemic has caused mass financial disruption across the world but it’s good to see that people in the UK are confident not only in their personal finances but also in those institutions that support them, whether that’s their personal or business bank or credit card network. As the UK lockdown extends, we now hope to see this support continue.

She continued: “We (Harris Interactive and Toluna) are strongly committed to providing these insights, garnered from a UK panel within Toluna’s 30+ million member community, on a regular, timely basis throughout the duration of the COVID-19 crisis. By doing so, the broader market can be kept informed of people’s sentiments as they change during these uncertain times.”

Related News

66% of P2P Investors Say Reliability is of Essence

A survey carried out by the European P2P lending platform Robo.cash shows that... Read more »

PayNearby To Democratise Insurance, Saving, Lending and Digital Payments for the Masses Amid Covid-19

In its bid to offer financial liberation to the masses, PayNearby, India’s largest hyperlocal fintech startup, this Independence Day, has launched a module to... Read more »

Growth in Sign-ups Exceeds More Than 350% at Identity Verification Provider

Fast growing European identity verification provider, IDnow (www.idnow.io... Read more »

Coronavirus loan schemes benefiting businesses in all corners of UK, reveals new analysis from British Business Bank

New data published today reveals the regional distribution of loans under the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS). The... Read more »

PPRO announces 85% volume growth despite pandemic, accelerates plans with new investment from Sprints and Citi

PPRO, the world’s leading local payments platform-as-a-service, reports today an 85% increase in transaction volume from last year, highlighting the... Read more »

New lenders accredited to British Business Bank Coronavirus Large Business Interruption Loan Scheme

Today the British Business Bank has announced that it has approved Allied Irish Bank (GB)/AIB (NI) [1], Investec Bank plc and Mercedes-Benz Financial Services... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel