News

• Two thirds of Brits burgled with a third hit more than once
• Seven in ten burglary victims turn to modern tech to protect their homes
• But, three quarters of battery powered smartphone doorbell cameras left without power
• More than a third of victims admit to posting that they are going away on social media
• Almost one in ten took no further action to protect their home post break-in

• Nationwide Building Society’s latest TV adverts to launch on 24 December and run for eight days
• Latest adverts form part of Society’s wider ‘Voices’ advertising campaign
• Adverts to promote Society’s diverse membership highlighting different voices, opinions and stories at Christmas

A look into the nation's spending habits based on nearly 710 million transactions, detailing how much money we spend, where we spend it and how. Analysis covers third quarter of 2018 (July-September). Includes consumer research on attitudes toward Christmas spend.

Nationwide’s quarterly Spending Report is an analysis of nearly 710 million Nationwide customer payment transactions. The period covered by the is report is the third quarter of 2018 (July to September), with additional consumer research looking at the upcoming Christmas period.

The report highlights that, on average, Brits spent £1,541 on essential living costs in the period, equating to some 82 per cent of the average £28,400 salary. This equates to an increase of 8.3 per cent against the same period in 2017 - or £8 in every £10.. However, while the cost of living has risen, year-on-year discretionary spending has dipped for the second consecutive period – fuelling the view that financial pressure is mounting on British consumers.

Additional research highlights attitudes toward spending at Christmas, with two thirds of Brits looking to cut back.

• Nationwide Spending Report shows £8 in every £10 of average salary goes on essential spend
• Rise in essential costs comes as discretionary spend dips for the second consecutive period
• Poll shows Brits had average £426 debt last Christmas, taking 2.5 months on average to pay off
• But children set to have average of £153 spent on them as parents refuse to cut back on kids

• Nearly a third of Brits risk giving scammers access to their finances, research shows
• Those living in Wales most willing to put themselves at risk of remote access fraud
• One in eight would give full login details to someone impersonating their bank or building society
• Those aged 25 to 34 most at risk of leaking passcode details

• Just five per cent of Brits would fall for the traditional doorstep builder scam¹
• But more than a quarter would put themselves at risk of fake email invoice scams
• Research shows many Brits would fail to query whether an invoice is real or fake
• A third in the South West would fail to check versus a fifth in Northern Ireland
• Nationwide urges people to always stop and think before paying an invoice

• Parents expect to have saved around £7,000 by the time their child turns 18
• Money intended to help children get a home, buy a car or fund university
• But over a third of parents have had to dip into their children’s savings in an emergency
• A quarter have never spoken to their children about money and saving

Poll follows #TogetherAgainstHate campaign aimed at raising awareness of online abuse

• One in six people receive online abuse while one in 20 have sent hateful comments
• Abusive, sexist, racist and homophobic posts most common types received
• Lack of reaction allows hate to fester as a quarter of recipients fail to report posts

• Three in ten Brits willing to move own money into a new account to ‘keep it safe’
• Young at risk: those aged 16-24 four times more susceptible than those 55 plus
• People in London, West Midlands, Wales and North East areas most likely to be at risk of impersonation scams
• But education message is working, with one in three refusing to hand over money

• More than five in ten lose their deposit in full, despite over two thirds disputing it
• More male students get their money back than women
• Students lose an average of £150 of their rental deposits while at university
• Lack of experience means many students fail to spot cost of renting

Cash-strapped students are being hit with an average bill of £150 at the end of their tenancy, with eight in ten saying the money was held back unfairly.

• Two thirds of Brits are slashing spending as rising cost of living begins to squeeze finances
• Most finding it harder to survive financially today versus five years ago, new poll reveals
• But Wi-Fi, gym membership and healthy eating among things least likely to be given up
• Regional stats show Londoners have over double the spare cash of Welsh - £585 vs £268
• Findings back Nationwide’s quarterly Spending Report – an analysis of c700m transactions

Brits are tightening their belts as research reveals the rising cost of living is beginning to bite, forcing many to slash spending.