A Resolution Foundation report has found that at least 30% of UK households have savings of less than £1,000.
The report said as many as 1-in-3 (30 per cent) of working-age adults live in families with savings below £1,000, leaving them financially vulnerable and ill-equipped to respond to small cashflow shocks.
It also found larger precautionary savings balances would help people cope with bigger shocks, but the country's savings shortfall is significant.
The findings revealed if every working-age family in Britain had at least three months' income in precautionary savings, aggregate savings would be £74 billion higher.
TalkTV's Jeremy Kyle and Rosie Wright are joined by spokesperson for fuel poverty action Jonathan Bean, and Bill McGranagh, founder of Dad's House Food Bank to discuss the cost of living crisis for many families across the country.
#report #costofliving #savings #Britain
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Негізгі бет "Most People Are Struggling To Make Ends Meet!" Jeremy Kyle On Lack Of UK Savings
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