Financial confidence falling, research says
Research from Axa has revealed that 40% of consumers have made significant spending cutbacks since the end of last year with financial confidence continuing to fall.
The 'Big Money Index' research, carried out for Axa by YouGov, found that those feeling financially confident dropped from 23% to 16% in the year between the first quarters of 2010 and 2011.
Insurance cover remained high across all groups although a small number of consumers said they would be prepared to take a few risks.
A total of 8% of the near 2,000 respondents agreed that they would be happy to scrimp on insurance and take the risk of being uninsured in order to cut costs.
In London and
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Markerstudy gets CMA greenlight to complete £1.2bn Atlanta deal
- FCA warns insurers, again, on undervaluing total loss motor claims
- Ajay Mistry launches insurance broker