Saving measures in the UK 2022

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53 percent in the UK plan to save money in the area of current contracts and subscriptions in times of high inflation and rising energy costs, while 47 percent plan on saving money when purchasing clothes, followed by 44 percent who plan to cut back on going out (visiting bars, cafés or restaurants. These are results of the GCS Special Finance & Assets 2022.

Planned saving measures due to rising costs in the United Kingdom (UK) in 2022

Characteristic	Share of respondents
Current contracts and subscriptions	53%
Purchasing clothes	47%
Visiting bars, cafés or restaurants	44%
Housing, energy or heating costs	42%
Travelling/vacation	41%
Purchasing food or household goods	37%
Cultural events or entertainment (cinema, theatre, concert, etc.)	31%
Transport and mobility	29%
Cosmetics, beauty and health products	28%
Interior decoration, household appliances and items	27%
My hobbies	24%
Insurances	15%
Education	7%
Other	3%
I don't plan to save	8%

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Release date

August 2022

More information

Region

United Kingdom

Survey time period

June 30 to July 10, 2022

Number of respondents

1,046 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

During the survey, the question was phrased as follows: "In times of high inflation and rising energy costs, in which areas do you plan to save money?"

Multiple answers were possible.

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