New report: DEC/BAME groups were hit harder by lockdown but benefited from financial education

The research was conducted by the UCL Institute for Global Prosperity in collaboration with Money A+E, as part of a UCL East-funded Listen and Respond project.

The majority of Money A+E’s service users are non-White British, and the organisation provides money advice and education services in Newham – one of the local areas hit hardest by the virus (144.3 deaths per 100,000 people in April 2020, according to The Guardian) – and other deprived London boroughs.

The survey showed that money management skills had a positive impact on respondents’ lives during lockdown, with 60% of respondents stating that Money A+E’s advice and education had helped their financial situation.

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Photo: Jerry During leads Money Mentors workshop (Credit: Money A+E)