According to an LV= tracker, over 40% of people in the UK currently expect their financial situation to worsen across the next three months.
In a previous survey conducted in March, 44% of respondents stated that their finances had already diminished in recent weeks, with 58% saying that their monthly costs have risen.
Those over the State Pension age in particular had their spending increased, with 65% of retirees revealing that their shopping costs have risen in the last three months.
