Rising cost of living causes nearly a third of Brits to feel less confident about their financial situation – despite budgeting boost from online banking
- Concerns over inflation and the cost of living have more than doubled since the summer, particularly over the cost of groceries, energy and petrol
- Despite these concerns, the majority of Brits remain confident in their ability to manage their money, choose the right products and make plans for the future
- Particularly high levels of confidence in online banking, with 67% of Brits who use digital services saying they feel more confident with their money
- 42% say using online banking helps them save money every month – £166 on average.
05 January 2022