Coronavirus poll: Do you worry YOU will be financially worse off due to virus? VOTE HERE

Coronavirus poll: Do you worry YOU will be financially worse off due to virus? VOTE HERE

While emergency measures such as mortgage holidays, Universal Credit changes and a package for furloughed workers have been announced, many will be left still concerned about their financial situation.

The coronavirus outbreak is also expected to shed billions off the British economy as stock markets across the world continue their negative downturn because of the pandemic.

Research from Aldermore Bank shared exclusively with Express.co.uk, revealed that almost half of 55 to 64-year-olds (43 percent) have no savings set aside for major life events – such as bereavement, illness, legal trouble, or periods of unemployment.

READ MORE: FTSE 100 LIVE: Global stock markets buoyed by slowdown of coronavirus

Published at Mon, 06 Apr 2020 10:24:00 +0000