News
02 Dec 2024
Minted On Vinted: 1 In 3 Brits Heading To Online Marketplaces To Make Money Ahead Of Christmas
- Seven in ten (70%) are more stressed or anxious about their financial situation this Christmas
- 26% say they will use second-hand websites like Depop, Vinted and eBay to look for Christmas presents
- Brits planning to spend an average of £813 on Christmas including presents, travel, food and entertainment
- Comes as Nationwide offers £175 to those switching to one of its current accounts this festive season
19 Nov 2024
Black Friday Set To Break Records Again As Brits Use Sales To Get A Headstart On Christmas
- Black Friday transactions to be 9 per cent higher than 2023 with Brits expecting to spend average of £278
- Nationwide members predicted to spend £233K per minute on the day, an uplift of 12 per cent versus last year
- Research shows over 80% of people plan to take part in Black Friday and 1 in 3 return up to 5 items each year
- Live data: Consumer spending data (payments and fraud) to be available for media on Black Friday. Spokespeople will be available for interview throughout the day
12 Nov 2024
Desperately Seeking Sun: Brits Line Up Holiday Abroad To Get Over Mild Summer
- Mild summer leaves Brits desperate for winter sun as 83% looking overseas for their next holiday
- Nationwide’s Spending Report sees essential costs maintained as non-essential costs fall 4% in September
- Mortgage (17%) and rent payments (19%) increase year on year as Brits continue to deal with higher interest rates
- Start of new school year sees explosion in childcare and education costs as kids head back to classrooms
30 Jan 2024
Nationwide Reaffirms Cost-Of-Living Support As Poll Shows Cumulative Impact Of Rising Bills On Typical British Family
- New research highlights impact of cost-of-living crisis since 2021 as 69% of families more worried compared to last year
- Since 2021, average family energy bills have risen by 63%, fuel by 39%, food by 32%, rent by 26% and mortgages by 22%
- Percentage of families with no spare cash at the end of each month almost doubles between 2022 and 2023
- Britain’s biggest building society reminds worried or struggling customers to contact its dedicated cost-of-living helpline
- But one in five feel that financial pressures are starting to ease in 2024, and are hopeful things will start to improve
12 Oct 2022
One in five households to hold off heating homes until December as energy costs rise
- Poll shows 81% of households cut costs as energy price cap rises – from food to fashion
- Around a third haven’t been able to put money aside to cover increasing bills since April
- 20% of households would consider using credit cards to cover energy bills, 15% would take out a loan
- Nationwide starts offering financial health checks to struggling members across branch, phone and video
26 Sep 2022
Summer spending draws in as consumers prepare to hunker down for darker days
- Nationwide Spending Report reveals fall in spending across essential and non-essential items in August
- Spending on debt rises month-on-month and annually, as does the amount spent on rent payments
- Recent trend of falling spend on DIY, dating, subscriptions and gardening continues as consumers cut costs
- But spend on socialising and leisure1 still rising despite cost pressures, accounting for a quarter of all non-essential spending
06 Sep 2022
One in eight households bury heads in the sand despite being average £249 worse off a month due to rising costs
- Average household £249 per month worse off than same time last year, research from Nationwide shows
- One in eight avoid seeking help, with younger adults five time less likely to get support than older people
- Majority feel they have cut back as far as they can and don’t think they can reduce outgoings any further
- Half are worried about contacting their bank / building society for help due to any future impact on finances
- Nationwide prepares to offer appointments to members in addition to its dedicated cost-of-living hotline
24 Aug 2022
One in four landlords to sell property if 'no fault' evictions are abolished due to fears over tenancies
- Just 22% of landlords support proposal to end Section 21 ‘no fault’ evictions, research shows
- 62% supportive of National Landlords Register but 53% say it won’t deter rogue landlords
- Introduction of Decent Homes Standard garners most support amongst landlords
22 Aug 2022
British spending flipflops in summer as consumers reverse cutbacks to enjoy themselves while they can
- Nationwide Spending Report reveals rising costs across both essential and non-essential spending in July
- Essential spending up 6% in a month (12% year-on-year); non-essential jumps by 5% (14% year-on-year)
- Cost cutting reductions recorded in June reversed as all but two non-essential categories see a rise in July
- Childcare, fuel, utilities & bills, travel on public transport see biggest annual growth in essential spending
- Despite monthly spike, year-on-year figures show reductions across subscriptions, gardening, DIY and dating
16 Aug 2022
University of strife: One in seven students worried about becoming homeless due to soaring cost of living
- Two thirds of university students behind or struggling to pay their rent or accommodation costs
- Nearly three quarters have borrowed from family to pay for essentials such as food and rent in last year
- Nationwide giving £10 to housing charity Shelter for every new FlexStudent current account opened
08 Aug 2022
Building of a scam: Rogue traders and email hack scams the perfect partners in crime
- More than half of people have had a knock on their door offering to do work on their homes
- 18% received an email invoice for work but 35% don’t know fraudsters can intercept messages
- One in five have had email hacked, while nearly a quarter (24%) have been victim of email hacks
- 21% have authorised a payment that has been flagged as suspicious by bank or building society
- Nationwide’s Scam Checker Service allows members to check a payment before making it
25 Jul 2022
The Great British Cutback: Consumers start to slash spending to combat rising cost of living
- Nationwide Spending Report shows drop across essential and non-essential expenditure and transactions
- Nearly all non-essential categories fall in June with biggest drops in gardening, gambling and subscriptions
- Spending on fuel and electric vehicle charging only ‘essentials’ category to see a spending increase in June
- Spending Report suggests households feeling the pinch and comes as Nationwide launches new hotline
