[INSIGHTS]: FCA Financial Lives Study

In 2022 the FCA completed and released its Financial Lives Study. This was an extensive piece of research looking at consumers, their interaction with financial services products and financial resilience.
The study has been highly informative and influential in the UK around the topics of vulnerability, characteristics to identify vulnerability, and issues around financial resilience.
Links to the reports are available below, with our summary below this.
Financial Lives Survey: 2023 6 month update
Financial Lives Survey: 2022 Summary
Financial Lives 2020 survey: Detailed report

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Financial Lives Survey: 2022 Summary
The Financial Conduct Authority (FCA) has released selected data from its Financial Lives survey, providing insights into the vulnerability and financial resilience of UK consumers in May 2022. The survey, conducted among over 19,000 respondents, examines various aspects of consumers’ financial situatio...