Financial confidence levels fluctuate following UK budget and Canadian housing survey

New polling indicates varying levels of financial confidence across different demographics and regions. In the United Kingdom, a Rathbones study found that only 4% of people feel more confident about their personal finances following the Autumn Budget, while 25% feel less confident. The survey noted concerns regarding a growing tax burden, including planned increases to savings and property income tax rates starting in April 2027. Approximately 18% of respondents are reviewing their savings and investments in response to these changes.

In Canada, a survey by Angus Reid for Zown reveals that 82% of young adults lack confidence in at least one financial aspect of homeownership. Among Canadians aged 18 to 34, only 18% felt confident handling every financial aspect of buying a home. Key areas of uncertainty include saving for down payments, understanding ongoing ownership costs, and determining affordability. The data also shows that 40% of Canadians used long-term savings to cover expenses or unexpected costs over the past year, including groceries and recurring housing payments.