... while high-income households were able to squirrel away money the poorer had to dip into their savings in 2020

Proportion of households which reported increased or decreased savings since the start of the pandemic

Savings increased

Savings decreased

0%

10

20

30

40

High-income

employed

Medium-income

employed

Low-income

employed

Unemployed

Furlough

High-income

employed

Savings increased

Savings decreased

40%

30

20

10

0

High-income employed

Medium-income employed

Low-income employed

Unemployed

Furlough

High-income employed

Guardian graphic. Sources: Bank of England, 2020 H2 NMG Household Survey. Survey conducted between 25 August and 15 September 2020.