One in ten UK adults have no savings, highlighting widespread financial resilience issues.

One in ten UK adults has no savings, and 21% have less than £1,000 in emergency funds, according to the Financial Conduct Authority. The survey reveals that one in four adults has low financial resilience, characterized by difficulties managing debt and missed payments. Despite this, the FCA notes that free debt advice has helped 61% of those who sought it manage their debts better. The regulator is pushing for improved access to financial support and encouraging better investment strategies to enhance long-term financial health.