Brits revealed their post-lockdown spending plans

The lockdown was a good time for many young people to think about how they can boost their savings as well

post-lockdown spending plans

Brits revealed their post-lockdown spending plans. Source: shutterstock.com

New Barclays’ research found that 36% of Brits are going to spend money on a haircut within the first month of lockdown restrictions being lifted.

At the same time, 26% of them are more likely to spend a family day out, whereas 23% and 21% will go to the pub and book a holiday, respectively.

When asked what they are most looking forward to as lockdown starts to ease, 48% of Millennials said visiting family and whereas for 37% it’s meeting friends. In addition, 25% would like to go on holiday and 23% can’t wait to have the freedom to do whatever they want.

During the lockdown, people from 18 to 29 years old have increased credits to their savings accounts by 3.8%. Therefore, their savings balances have grown by 9.9% which is the highest percentage increase than any other age group.

It’s fantastic to see that financial wellbeing is one of the key things millennials, in particular, are taking away from this unprecedented situation, with almost a quarter realizing they can be more self-controlled with money than they previously thought
Jo Harris, Head of Barclays Money Mentors at Barclays

We’ve reported that 16% of Chinese internet users from 18 years and older responded that travel is likely to start its recovery in May. At the same time, 15% revealed they would travel again in either June, July, or August, whereas 14% of respondents said they would in October.

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