News

• Impact on wellbeing of homeworkers with children significantly worse than those without
• Despite homeworking and home-schooling pressures, Nationwide and Ipsos MORI research reveals 6 in 10 with kids at home say remote working leads to better work-life balance
• Women working remotely with children at home more likely than men to report that their mental health got worse because of Covid-19, according to the research
• Nationwide calls on UK employers to consider what flexible working should mean at a time the nation slowly eases out of lockdown as the vaccine rollout continues
• Flexible working champion Anna Whitehouse, known as ‘Mother Pukka’, launches findings alongside Nationwide

• Covid-19 has long-term impact on importance of savings, particularly for younger people
• Brits prepare for post-lockdown ‘sunny day’ plans with holidays top of nation’s wish-list
• Five and half months is how long people believe they need to save to realise future plans
• Nearly four in ten add to savings since first lockdown, including one in four lower earners
• But despite positive savings signs, many are still struggling to build a financial buffer

• New advertising campaign looks to the future and people’s plans post-lockdown
• Aims to build on savings momentum Nationwide encouraged through Payday Saveday
• Forms part of Society’s ‘Voices’ campaign; runs across both TV and newspapers

• Expanded group consists of major UK retailers and consumer groups and will meet each quarter
• Panel will measure and assess impact of Brexit and Covid as nation hopes to recover and rebuild
• Nationwide focussing future efforts on four areas: Home, Work, Financial Wellbeing & Community
• Initial research from Ipsos MORI reveals changing societal needs across these four areas of life

• Quarter of Brits chose getting a bargain over protecting themselves against scams, poll shows
• Four in ten would buy from a website or company they've never heard of in order to bag a deal
• Around three in ten have transferred money directly into seller's account despite risk of scams
• Close to a third don’t know how to identify a safe website and a fifth fail to research the sellers

• Transactions expected to fall by up to 20% drop due to second national lockdown – the first year on year fall since Black Friday was introduced to the UK a decade ago
• Nationwide members still expected to collectively spend nearly £155,500 a minute
• Research reveals Brits will spend an average of £172 on Black Friday and £160 on Cyber Monday
• Many to regret impulse buys as a fifth confess to having returned purchases they made last year
• Live data: Consumer spending data to be available for media on Black Friday and Cyber Monday

• Seven in ten undergraduates fear they won’t be able to get part-time work due to Covid
• More than half say they will be left with more debt if they can’t find work at university
• 38% expect to spend less this year as a result of the impact Covid will have on them
• New financial concern this year as 40% admit they don’t know how they’d pay Covid fines
• Nationwide FlexStudent rated one of the UK’s best student current accounts for 2020

With the impending lockdown, Nationwide has been seeing a peak in spending

• Start to Save prize fund nearly doubles as twice as many hit threshold for second prize draw
• 137,000 Start to Save accounts opened by end of September - up 90k since end of April
• Prize fund stood at £89,700 with one in 37 chance of winning, equating to 897 winners

• Ratcheting up of lockdown measures hasn’t seen another surge in supermarket spending
• Total spend across supermarkets (10 Aug – 4 Oct) up by 23% on same period in 2019
• Spend in supermarkets up 10% against earlier in 2020 but without weekly spikes
• London sees biggest increases in spend: six times more than Scotland and Northern Ireland
• Eat Out to Help Out data shows spend fell except on Fridays and Saturdays in 4 weeks after it ended

• 80% of homeowners aged over 50 willing to improve and adapt home to live independently for longer
• Half (51%) of those expecting to make changes in their home expect to spend £5,000 or more on the improvements
• Cost of age-proofing home is £6,507, slightly less than the annual state pension
• Nationwide offers free consultations on borrowing to pay for future-proofing homes

• In 2019 nearly two thirds of multi-use ATMs saw more cash deposited than withdrawn; rising to more than nine in ten in 2020
• 2020 first year where non-cash usage has outweighed number of cash withdrawals
• Cash still king in Capital as east London market towns top ATM usage league