Wealth in the Downturn: Winners and Losers examines wealth and debt in the period since the recession to uncover who has really won and lost since 2008.
Chair:
Sir Brian Pomeroy CBE
Speakers:
Baroness Hayter of Kentish Town, Shadow Minister for BIS and Cabinet Office
Greg Davies, Head of Behavioural Finance, Barclays
Nick Watkins, Head of Insight and Evaluation, Money Advice Service
British households went into the downturn poorly prepared, with high levels of debt and low levels of saving. During the years of economic uncertainty, saving increased. However, new analysis by the Social Market Foundation and Understanding Society’s Policy Unit shows that the gain in wealth has been uneven, with significant consequences for the financial resilience of individuals and households.