Research has found almost half of UK adults (46%) have £1,000 or less in savings, as we reveal the average savings of different age ranges.
It’s an incredibly difficult time to save right now Are you a spender or a natural Scrooge? Are you saving enough or are you going to struggle in later years? It can be hard to know how your financial situation compares to that of your peers. Add to this the cost of living crisis, it can feel difficult to bring up the topic of savings, or the topic of money as a whole. What if you make somebody else feel bad. What if you feel bad? It can be easier just not to talk about it.
In terms of savings, this age bracket hasn’t changed all that much from the 18-24 bracket, and we can guess that the little extra might come from the barrage of stag and hen parties you now have to fund. Age 35-44 – Median savings: £5,714 Maybe you’ve moved up the career ladder a rung, or that business you started to work on in your 20s is finally seeing the light of day, but savings in this age group have jumped up. We’re now at a median average savings of £5,714.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dame Sarah Storey, 46, wins incredible 18TH Paralympics gold medal as she rewrites history in ninth...Watch The Paris 2024 Paralympic Games on Channel 4
Read more »
Sarah Storey, 46, sets her sights on Paralympic gold at record ninth GamesPlus: the key stories you missed on Tuesday at the Paris Paralympics
Read more »
Home And Away star's tragic death at 46 after worrying messagesA Home And Away star was tragically found dead in her Sydney apartment in 2019, after friends raised the alarm when they hadn't heard from her in days following worrying messages
Read more »
Russia claims five killed and 46 injured after Ukrainian strike on BelgorodNato Secretary General Jens Stoltenberg said Ukraine had a right to launch the offensive on Russian soil as an act of self-defence
Read more »
Glasgow Lives: Janos, 46, Southside, Founder of Ando Glaso Roma FestivalIn tonight's Glasgow Lives, we talk to Janos about connecting with his Roma routes, as founder of Ando Glaso Roma Festival he aims celebrate tradion and push boundaries.
Read more »
BBC star Lauren Laverne, 46, reveals she has cancer: Desert Island Discs presenter is recovering in...The radio star, 46, who presents BBC Radio 4's Desert Island Discs, said the disease had been caught early.
Read more »