Results of my spring survey 2014

Here are some of the results of my spring survey.

31% of those who responded feel worse off than they did before this year’s Budget Statement, 65% think that nothing has changed and just 4% feel that the pressure on their family budgets is now off.

People are also not optimistic about the future; 52% said they were ‘not at all optimistic’ about their family finances over the next year, 20% were not very optimistic, 5% were optimistic, with just 3% being extremely optimistic.

Finding a bit of extra money for emergencies is putting the greatest pressure on family budgets, followed by having enough money to make ends meet.

In terms of the energy market and energy prices, most pressing for people was the need for urgent reform of the energy market at 30%, followed by more power the regulator at 25%, freezing energy bills at 21%, increasing supply at 12% and more help for customers to switch at 12%.

Looking to the future people were most concerned about utility bills continuing to rise (52%), followed by wages continuing to stand still (22%), other cost of living pressures (14%) and increases in interest rates (12%).

You can read the full results of my sprint survey here: Results of my spring survey 2014

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Posted June 16th, 2014 by Ed