International Finance
Finance

Consumers expect a financial crash ‘worse than 2008’ this year

Spearvest, wealth management, fundraise, financial crisis
The study conducted by an independent survey company Censuswide asked 1,000 members of the UK public about their views on the economic outlook for 2019

Consumers are bracing themselves for a major financial crisis and housing crash this year according to a new poll from Spearvest, the wealth management firm.

A total of 44% of respondents said they expected a financial crisis worse than 2008. Additionally, over a third of those polled (41 per cent) said they are expecting to see a housing crash happen this year.

Only 14% of the population said they had forgiven the banks after the 2008 financial crash, according to a new poll from Spearvest, the wealth management firm.

As well as this, there is a significant distrust from consumers that banks have their best interests at heart. The survey found that over half (55%) did not believe this to be true, with only 13% believing they did.

The poll also found that consumers want banks to do more for good causes with 60% believing that banks should donate and fundraise for charities more.

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