Publisher:
Diffley Partnership
Alternative Published Date
2023
Category:
Type of Resource:
survey report
Length (Pages, words, minutes etc...)
27pp
Fast Facts
Diffley Partnership latest [May 2023] research finds that the cost of living continues to drive Scots to make difficult choices.
More details
Some key findings are:
- 4 in 10 Scots (42%) report having taken money out of their savings to cover higher costs
- 1 in 4 have used a credit card to make purchases that they wouldn’t usually
- 1 in 5 have used ‘buy now pay later’ schemes to cover everyday spending
- A small but increasing number of Scots have stopped contributing to a pension (7%)
- 7 in 10 (68%) report that they have cut their energy use through methods like switching off lights and not using the oven to cope with rising prices and inflation
- two-thirds (66)% report reducing spending on non-essential purchases such as clothing
- the economic outlook from Scots remains bleak with 62% thinking that general economic conditions will be worse in a years’ time (compared to 66% in February)
- 45% think their personal financial situation will be worse in a years’ time (down from 48% in February)
Full Document (link)
Keywords