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flag UK household wealth increased by 12%, yet many feel financially strained due to living costs.

flag UK household wealth rose by 12% to £126,483 over the past 12 months, due to pay raises, better savings rates, and investment gains. flag However, 31% of people feel worse off, with 71% citing the cost of living as a strain on their finances. flag The wealth gap between lower and higher-income households has widened. flag A financial plan is highlighted as crucial, with 39% of adults having one in place, leading to greater financial resilience and confidence. flag Younger generations are more proactive in creating financial plans.

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