The majority of households across the UK feel pessimistic about their financial prospects at the moment, a new study has found.
Research published today (June 14th) by Santander revealed that just 31 per cent of Britons currently think optimistically with regard to their monetary future as the cost of living continues to soar.
Indeed, the average household now has to outlay some £666 every month on utility bills, meaning they have had to cut back on luxury purchases in order to pay for the essentials.
Meanwhile, 31 per cent of people cannot now afford to put any money away in savings accounts, with a third of those who can still stash cash only being able to store less than £99 every month.
Neil Prothero, lead analyst of the Economist Intelligence unit, commented: "We are, unfortunately, experiencing a long period of reduced growth and unemployment will continue to rise over the next year or so."