Published by: Financial Conduct Authority
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Key Take Aways
Over half (49%) of UK adults exhibited characteristics of vulnerability in 2024, representing a slight decrease since 2022.
The four drivers of vulnerability identified are poor health, recent negative life events, low resilience, and low capability, with overlapping characteristics affecting individuals.
Adults in poor health, particularly those with cancer, MS, or HIV, constitute about 9% of the population, often experiencing mobility and mental health issues.
Mental health conditions impacted 17% of UK adults in 2024, with significant behavioural and financial repercussions such as delaying financial decisions and falling into debt.
Digital exclusion remains a challenge among older adults, although its prevalence has decreased from nearly 7 million in 2017 to approximately 1.2 million in 2024.
Low financial resilience remains significant at 24%, with many adults heavily burdened by do...
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