UK families average only £1,983 in emergency savings, falling £5,000 short of the recommended three months' income.
A BOXT study reveals that UK families average only £1,983 in emergency savings, falling £5,000 short of the recommended three months' income. One-third of adults have under £200, and 13% have no savings, impacting 5.5 million people. As winter approaches, the risk of costly repairs like boiler breakdowns increases, prompting experts to advise annual boiler servicing and building savings. Regional disparities exist, with the East Midlands saving the most.
October 06, 2024
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