Figures Reveal 6 Million People Haven’t Got Savings In The UK

It has been revealed that there is an average of 6 million people that do not have savings in the UK. This means that there is a potential 6 million people who if they lose their job or become sick could possibly face financial adversity.

For those who are saving are only saving around 8 per cent of their wages each month. This is about £100 per month. Over a third of people think that they do not have enough money put away for a rainy day. Savers are struggling right now but there is hope.

Findings have shown that two fifths of people between the ages of 16-24 are dedicated to saving money, this is compared to 25 per cent of 35-44 year olds. It proves that no matter what age you are or how much you earn you can still save if you are dedicated.

It is important for people to put a little away when they can, so if you happen to be one of the 6 million that has no savings behind them, then maybe it is time to think about opening a savings account.