Tracking Financial Vulnerability in the UK

A Data Tool for Policymakers


March 22, 2021

As the United Kingdom deals with the economic effects of COVID-19, policymakers need to know how their constituents are faring. But many measures of financial health are out of date or narrow in scope.

To offer a clearer picture, we created the UK Financial Vulnerability Index using unique consumer data from Lowell and publicly available measures. Use this tool to see how financial vulnerability has changed since 2017 and where resources could be targeted to improve financial resilience.

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Find your score

An area’s Financial Vulnerability Index score ranges from 0 to 100. The higher the score, the greater the financial vulnerability experienced by people in the area.

Select a nation, region, or parliamentary constituency to see that area’s Financial Vulnerability Index score and the six component measures that make up that score.

0–30 31–40 41–50 51–65 66–100
Low Medium High

Financial Vulnerability Index


Components


Share of adults who are Lowell consumers in default
Share of adults claiming social benefits
Share of Lowell consumers with high-cost loans
Average credit use among Lowell consumers
Share of adults without emergency savings*
Share of adults using alternative financial products*
*The most recent data at the time of our analysis are from 2017 and are measured at the NUTS2 level.

Explore change over time

See Financial Vulnerability Index scores and their components for every quarter since 2017. To select a specific nation, region, or parliamentary constituency to view, use the search box above.

Selected areas

PC
Region
UK average

Financial Vulnerability Index

Components

Share of adults who are Lowell consumers in default
Share of adults claiming social benefits
Share of Lowell consumers with high-cost loans
Average credit use among Lowell consumers
Share of adults without emergency savings
Share of adults using alternative financial products

Data for the share without emergency savings and the share using alternative financial products work a little differently from the other measures. These numbers are from 2017, reflecting the most recent data at the time of our analysis, and they are measured at the NUTS2 level.