Women and people aged 16-30 have lowest economic well-being

Media release
Monday 25 April 2016

Leading local advice charity, Citizens Advice Exeter, today releases further results from its second economic well-being survey. The results show that women and people aged 16-30 years of age have the lowest level of economic well-being.

The initial results of the survey, run in partnership with the Express and Echo, Radio Exe, Exeter City Council and Exeter Chamber of Commerce, are available from the charity’s website – www.citizensadviceexeter.org.uk

Citizens Advice Exeter Chief Executive Steve Barriball said: “We have now completed some further analysis and found that of those who completed the survey, female respondents had the lowest economic well-being, with 40% having seen incomes reduce in the last three months, and 62% worried about their financial situation. “

Steve continued: “We also looked at economic well-being across the age of respondents. Those aged 16-30 had the lowest economic well-being, whilst those aged 61 or over had the highest economic well-being. People aged 16-30 had seen the biggest reduction in their expenditure,  whilst people aged 31-45 years of age had seen the biggest rise in their incomes.”

Steve added: “In terms of job satisfaction, 15% of female respondents told us that they had very low job satisfaction, compared to only 2% of male respondents. People aged 46-60 were most satisfied with their jobs, with those aged 16-30 least satisfied. However, 33% of male respondents had not had a pay rise in the last two years, and 39% of those aged 31-45 had not had a pay rise in the last 2 years. ”

Steve finished by saying: “We will be running a further survey in the coming months, and will be interested to see what impact the new national living wage has had on the results.”