Hello and welcome to Women with Balls, where I, Katie Balls, speak to today as trailblazers.

This is a special panel edition of the podcast brought to you by Lloyd's Banking Group.

The financial shock from coronavirus is predicted to be with us for years to come.

Already, it's having a direct impact on household

finances, with Resolution Foundation research finding that 68% of UK households that have had

their finances affected by coronavirus are experiencing a reduction in income. Of that, 23% of households

are using savings to cover living costs.

But what if you don't have much in the way of savings in the first place?

To many, lifetime savings can seem a distant concept.

Whether it's saving money for a deposit for a home, a crisis you haven't yet foreseen, or your pension,

often these endeavours get overtaken by events.

Four out of ten adults have less than £500 in savings to cover an unexpected bill,

but only one in four working age people have enough in savings to cover three months' income.

Savings can be a particular issue for women.

Statistics from Scottish Widders' 2019 Women and Retirement Report found that women are more likely

to earn between £10,000 to £20,000, more likely to not know how much they are saving,

and more likely to feel as though they are not preparing adequately for retirement.

These issues can be particularly acute for divorces, mothers who take time out for their children, self-employed and renters.

But as coronavirus brings to the four concerns over financial insecurity, is it time to reconsider what we save and how we do it?

The aftermath of coronavirus could present an opportunity to get a better sense of control over

our savings and for industry and politicians to pave the way for a more flexible approach.

So to discuss the current hurdles and how to make the best of the uncertainty we find ourselves in,

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