Analysis of Google search data reveals that searches for ‘how to invest’ skyrocketed 186% in the United Kingdom as of 27th of September 2022.
The end of September saw some mortgage lenders halt their deals for new customers amid market turmoil as well as the Pound crashing, likely leading to a rise in interest rates and worsening inflation.
The analysis, by Investing Reviews revealed that searches for ‘how to invest’ exploded to almost double the average volume within the past week, an unprecedented increase in Brits seeking information how to start investing their money, according to Google search data analysis.
The data also reveals that searches for ‘investing for beginners’ have exploded an overwhelming 522% in the past week.
A spokesperson from Investing Reviews said: “As the market grows increasingly volatile, leading to a likely rise in interest rates and inflation, it is unsurprising that Brits are looking for new ways to save their money.
However, the latest market news has now caused a rapid increase in online interest for those looking to begin investing their money, highlighting the massive impact the cost-of-living crisis is having on the public.
“Investing money can be a vital way to not only save your money but see profitable returns, however, it is strongly advised to research any investment opportunities thoroughly before making any concrete decisions.
“It will be fascinating to see whether these searches translate into investments and what it is that Brits will choose to invest in.”
