More than half of consumers in major economies didn’t build up their savings during the pandemic, a survey shows.
The research in 18 nations by YouGov Plc, shared exclusively with Bloomberg News. punctures the idea that households have a cushion against a deepening cost of living crisis.
YouGov said 51% of respondents failed to add to their savings during the pandemic. The rate was lowest for Germany, at 39%, while Italy’s figure was just 40%. The U.S., U.K. and Canada also saw results below 50%.
