In a post-pandemic market, what are the top priorities for UK investors?
THE COVID-19 epidemic has caused global markets to swerve in all directions, and investors are anxiously trying to make the right decisions amid the chaos.
But what are the options available to investors?
In a post-pandemic market, the Schroders Global Investor Study for 2021 reveals what UK investors are focusing on and their objectives.
This survey looked at over 23,000 people in 32 different countries and discovered that saving and financial well-being are the top priorities for investors right now.
This is expected, given that the pandemic’s turmoil has likely instilled a strong dread of job security and financial well-being in more people.
This impact, however, is significantly greater than initially imagined; over 76 percent of consumers have spent more time and effort looking at their financial situation and reorganizing their money.
When looking at skilled investors, this number rises to 80%.
In 2019, only 30% of investors reviewed their investment values once a week.
During the lockdown, some people were pleasantly delighted to find that they had saved more than they had anticipated.
The inability to spend money on non-essentials like trips and large impulse purchases fueled this trend.
Others were not so fortunate, with 40% of investors saying they were unable to save as much as they would have liked due to lower income.
Another 36% said their savings intentions were thwarted by furloughs or job losses, and both of these groups intend to save as much as possible.
The 18-37 age group has the greatest desire to save more money.
Furthermore, 58 percent of British investors intend to or want to save more once limitations are relaxed and they are financially able to do so.
As a result of the pandemic, 58 percent of non-retired persons are planning or would like to save more specifically for retirement.
It is clear that being personally impacted by the economic downturn is not the primary force behind this shift in attitude.
Because the majority of those trying to save are young and want to save for retirement, it’s apparent that seeing others suffer or struggle during the epidemic has instilled fear in investors’ minds.
This’savings campaign’ resulted in a 54 percent increase in savings. “Brinkwire News in Condensed Form.”