COVID-19 financial woes
How is the UK impacted?

50%

of UK families have been financially hit amid the COVID-19 pandemic

54%

Among those affected 54% of them have either lost their income or have taken a pay cut

31%

of UK families have either applied or plan to apply for unemployment benefits

Governments around the world are scrambling to contain the economic downfall as millions of people remain out of work due to the virus and the subsequent lockdown. Piplsay (powered by market Cube) tried to understand the ground reality as the full extent of the pandemic starts to become apparent. Employers, as well as the government, can leverage this data in their decision making.

The unemployment rate across the UK is soaring as millions of people lose their jobs or are unable to find work as a result of the pandemic. Though the government’s COVID-19 unemployment payment seeks to help families cope with the economic ravages, the uncertainty over the next few months continues to add to the concern, even for those unaffected by the downturn so far. Piplsay polled 2,832 people across the UK  to understand the situation and reality as it exists three months into the pandemic. Here’s a summary of what we found:

Covid-19 Financial Woes

Survey Methodology: This Piplsay survey (powered by Market Cube) was conducted nationwide in the UK from May 1-2, 2020. We received 2,832 online responses from individuals aged 18 years and older.

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