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Thread: 31% of UK households have less than £250 in savings

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    Question 31% of UK households have less than £250 in savings

    New research from HSBC reveals that 31% of UK households have less than £250 set aside as a financial safety net.


    Source:-
    http://www.yourmoney.com/your-money/...250-in-savings


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    ...31% of UK households have less than £250 set aside as a financial safety net.
    Am I the only one having difficulty with this ???


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    Respected Member Ako Si Jamie's Avatar
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    Believing it?


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    Quote Originally Posted by jamieXXXmaria View Post
    Believing it?
    Yeah, I just find it tough to believe that 31% do not have £250 or more available as savings.
    Whether in the bank or elsewhere.

    What do you think?


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    Respected Member Ako Si Jamie's Avatar
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    Quote Originally Posted by Terpe View Post
    Yeah, I just find it tough to believe that 31% do not have £250 or more available as savings.
    Whether in the bank or elsewhere.

    What do you think?
    To be honest 31% is a bit high. The thing is, the survey covered only 1,000 households which isn't much. For all we know those households could be on council estates.


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    Moderator joebloggs's Avatar
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    Quote Originally Posted by Terpe View Post
    Yeah, I just find it tough to believe that 31% do not have £250 or more available as savings.
    Whether in the bank or elsewhere.

    What do you think?
    I can believe it, people have debts to pay, earn minimum pay, child care, rising gas, electric bills

    http://www.cpag.org.uk/child-poverty-facts-and-figures
    http://www.filipinouk.com/forum/image.php?type=sigpic&userid=870&dateline=1270312908


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    How much have they got to spare after taking all their debts into account ?

    I don't have a lot, but what I do have is paid for.

    The banks are probably as much to blame as anyone for this, by behaving like irresponsible idiots themselves and encouraging their customers to do likewise, for the past 15 or 20 years.


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    Trusted Member stevewool's Avatar
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    save , save and save, who knows what is round the corner,depending on what you read and what you see and hear too, you reallly have to think of yourself in these days, some are lucky not to have any debts, and can save, but that is because we both work and if we cant afford it we dont buy it till we can


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