Our previous research has shown that people with mental health problems have significantly lower levels of income compared to the wider population. A knock-on effect of that income gap is that people with mental health problems also have significantly lower levels of savings.
This has left this group more financially precarious during the pandemic. A quarter of people with mental health problems said they had no savings to fall back on during the pandemic, compared to 18% of the wider population.
At the other end of the scale, 40% of people without mental health problems said they had savings of £5k or more, compared to 24% of those with mental health problems.