International Finance
Finance

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

Spearvest, wealth management, fundraise, financial crisis

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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