Personal and economic well-being in the UK: August 2019
16 August 2019
It also includes data from the Eurobarometer Consumer Survey on people’s expectations of the economy for the coming 12 months.
Key findings:
-
While all economic well-being measures improved in the latest quarter ending March 2019, people’s personal well-being showed very little change in the UK in the year ending March 2019.
-
Although people in the UK reported slightly higher happiness ratings on average, about 4.2 million people continued to report “low” levels of happiness in the year ending March 2019.
-
There was no significant decrease in the proportion of people reporting the highest levels of anxiety. Overall, anxiety remained stable in the year ending March 2019.
-
People’s expectations for the economy for the year ahead are that it will worsen.
-
Net financial wealth per head increased by 3.0% for the quarter ending March 2019 compared to the same quarter a year ago. This was led by increases in equity and investment fund shares.
-
Expectations for higher unemployment for the year ahead have been climbing and are now higher than at any point for the past 5 and a half years.