New research has revealed that the financial uncertainty of 2020 means 85% of people in Scotland will change the way they manage their personal finances in the immediate and long-term future.
Credit reference agency Equifax found that although around a third (34%) of Scots said last year brought greater financial uncertainty, 16% have entered this year feeling positive about their finances.
A further 54% of those who experienced financial uncertainty in Scotland said they are now trying to be more frugal, compared to 46% of the wider UK.
However, 31% of Scots feel confident about their finances going into 2021, compared to just 19% of the UK as a whole.
The survey showed that 46% of Scottish respondents are trying to spend less disposable income each month.
Breaking down the demographics, 70% of 18 to 34 year-olds across the UK said 2020 brought them financial uncertainty, steadily decreasing across all