York residents are among the biggest financial beneficiaries of lockdown
YORK residents are among the biggest financial beneficiaries of lockdown, with people living in the most affluent parts of the city most likely to have boosted their savings during the pandemic. Research shows that residents in 79 per cent of neighbourhoods in the city are likely to have saved money during the pandemic. It means residents in York’s wealthiest areas are the second biggest savers in the UK - with only Exeter likely to have seen more residents boost their savings, according to thinktank Centre for Cities. People living in poorer areas are more likely to have been pushed into debt during the pandemic, according to the report, as they try to meet the cost of essentials because of job losses, furlough and a lack of savings.
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