Financial Resilience Report

Understanding financial resilience

Each year we publish our annual Financial Resilience Report which provides insight into the overall financial resilience of our members, the financial challenges they face and the impact this can have on their well-being.

As statistics in these reports indicate, financial resilience plays an important part in the lives of our members. We hope that our latest report will be useful for our stakeholders, to better understand the challenges faced by the Serve and Protect family.

Key Findings

31% would not be able to cope financially with a change in circumstances, such as job loss, illness or relationship breakdown.
31%
40% of respondents selected money as the factor in their life that causes them the most stress.
40%
1 in 5 respondents admitted that they experience financial worries at least daily or weekly.
21%
23% of respondents say their mental health has been impacted by financial worries.
23%
34% of respondents admitted that if they needed £2,000 for an emergency, they would need to apply for a loan.
34%
1 in 3 respondents admitted that they have little to no understanding of their pension.
34%

Related content

What does it mean to be financially resilient?

How to improve your financial resilience?

Watch our Financial Resilience YouTube video!

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