New survey data collected by Hodge has revealed that a third of UK adults (32%) face unexpected costs more than twice a week, with younger generations impacted the most.

The findings show that 56% of 25–34-year-olds report experiencing unplanned costs at least twice weekly, highlighting how financial volatility is becoming a regular feature of life for many.

These costs can include surprise travel fares, health expenses, household repairs, or other unpredictable outgoings.

By contrast, the over-65s are far less likely to experience these financial shocks, with just one in 10 (11.1%) facing unexpected costs more than twice a week and less than half (44.3%) saying they occur less than once every six months.

The research also shows stark regional contrasts, with people in the East of England most affected on a daily basis.

More than one in 10 (11%) reported facing unexpected costs every single day. In the Northwest, however, just one in 100 (1.1%) said the same, suggesting local differences in both financial resilience and cost exposure.

Christie Cook, Managing Director of Retail at Hodge, said:

“This research paints a clear picture of how everyday life is increasingly unpredictable for many, especially for younger adults. What’s most striking is the regularity of these unexpected costs. For some people, this isn’t a rare occurrence but something they’re dealing with weekly, if not daily.

“With continued pressures from inflation and living costs, many households are finding it harder to maintain a financial buffer. The frequency of unplanned expenses leaves less room for longer-term financial planning and increases the need for accessible, short-term savings options.

“As the gap widens between age groups and regions in terms of financial stability, the ability to access savings quickly when needed is more important than ever. It’s prompting people to rethink how they manage their money day-to-day.”

Hodge has responded to these shifting needs by offering a new Easy Access Savings Account, giving savers more flexibility to deal with life’s surprises. While long-term saving remains important, many are now prioritising quick access to funds for emergencies and irregular expenses.

The study forms part of Hodge’s ongoing work to better understand the financial challenges facing people across the UK. The findings underline a need for practical tools and products that support day-to-day financial resilience, particularly for younger people and those in regions where costs are less predictable.

As people navigate a more uncertain financial landscape, ensuring they have the ability to build, and tap into, savings without penalties is becoming a key factor in overall financial wellbeing.

 

ENDS

Notes to Editors:

About Hodge:
For more than 50 years, Hodge has been a trusted provider of financial services across the UK. From helping individuals save and purchase homes to offering businesses tailored lending solutions, Hodge has continually demonstrated its commitment to enhancing financial well-being.

Media Contact:
Emily Leyshon
Liberty Marketing
Email: [email protected]