Savings and resilience comparison tool
See how different households compare
Important information - The information you find within this tool isn’t personal advice, but more of a guide to see where people in your age group, income bracket and area fit within the nation to help you build a more financially resilient future. If you're not sure what to do on any of the topics we discuss, please ask for financial advice.
Even though we can't always control what happens in life, we can prepare ahead to improve our financial security over the long term. That’s where being financially resilient comes into play.
Lots of us won’t know how resilient our finances are – or how this compares to everyone else.
That’s why we’ve worked with experts Oxford Economics to bring this to life. Together we’ve developed an index as a way of measuring the nation’s resilience across our 5 to Thrive pillars.
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HL Savings and Resilience Barometer
A regular and major programme of research on financial resilience.
A tool to help policymakers understand the impact their decisions have.
Created in partnership with expert researchers Oxford Economics, using 17 indicators within five pillars of financial behaviour.
Our first Savings and Resilience report shows a third of British households don't have access to savings that would cover at least three months' of essential expenditure.
Discover more at www.hl.co.uk/SRreport.
5 key pillars for financial resilience
Control your debt
It’s essential you manage debt to benefit you in the long run, rather than letting it negatively impact your daily life. We’ve looked at how people manage their debts.
Protect you and your family
Protecting your income or making sure your nearest and dearest are looked after if you’re unable to contribute should be paramount. We’ve looked at how families can financially survive a death in the household, or cope if the main breadwinner were to lose their income.
Save a penny for a rainy day
Your rainy day savings are the third cornerstone of financial resilience. We looked at who has sufficient emergency savings and spare cash at the end of the month, through to employee benefits like short-term sick pay and redundancy packages.
Plan for later life
After having built short-term resilience, the fourth priority focuses on building longer term resilience for life after work.
Invest to make more of your money
Investing offers the potential to make your money work harder for you. That’s why we’ve looked at households who are investing for the long term.
If you'd like to learn more about the index that we have developed with Oxford Economics you can read the full report.
If you’d like to know more about how we’ve calculated and measured any of the pillars mentioned above, you can find out more in a methodology document published by Oxford Economics.
Want to talk?
For further information or any questions, contact us.