What are your top financial priorities for 2023? Given the steep rise in the cost of living, almost three quarters of UK adults say they’re re-evaluating their finances for the new year – and we’ve surveyed thousands of consumers to understand how. Read on to find out more, and to check our five tips for managing your finances through the rising cost of living.
According to our survey, the most important thing to UK adults when it comes to their finances is not having to worry about money. A desire for financial security is also reflected in other top priorities, such as avoiding debt and having emergency savings.
We asked 4,000 UK adults to rank the importance of various financial priorities. Would you rank these statements differently?
As we head into 2023, UK adults aren’t only talking the talk about their financial wellbeing – they’re walking the walk too. Our survey found that the three most common financial habits aim to avoid debt, build savings and manage money more efficiently.
We have prepared this information with care but it is not intended to be exhaustive. The statistics featured in this article are taken from two surveys we conducted with Opinium: the first of 4,000 UK adults in September 2022, and the second of 2,000 UK adults in November 2022. To identify respondents' most and least important priorities referenced in the section 'financial priorities in 2023', we conducted a ‘max diff’ experiment which asked respondents to select the most and least important factors from different lists of variables. It then revealed the relative importance of each factor for the total population surveyed based on the extent to which the factor was selected on a scale of most to least important within the overall study.