The Nation’s Nest Egg
A report by Yorkshire Building Society on how the pandemic has affected our nation's savings
How we worked out our findings
We asked the Centre for Economics and Business Research (Cebr) to study national economic data and survey 2,000 people to create our nest egg score. The nest egg score assesses people’s financial safety nets across the nation and how the pandemic has impacted these. We looked at people from different places and backgrounds, as well as asking how money affects their choices.
Our main findings
Financial shocks can come from anywhere, at any time
From a global pandemic to a broken boiler, events large and small can turn our finances upside down. That’s why having a nest egg of savings as part of our financial safety net can be beneficial. A nest egg of cash savings is crucial to financial wellbeing, so that when the unexpected happens, we are able to pay the bills without needing others to help.
Download the full report and find out how prepared people across the UK really are.