Less than 5,000 savings had a recent survey revealed that in half of the people who were a recent survey.
Concerningly, almost a quarter was less than £ 500.
Experts now warn that it may not have enough or an emergency fund in case a disaster occurs. Households must point, if possible, have between three and six months of exit expenses.
This covers payments, including mortgages or rentals, food and main invoices of households, and provides a safety network if the sausage.
The average number of people with the tastes of Nationwide, Lloyds, Natwest and Santander have in their savings is about £ 8,500, although that figure is biased by the rich who have large amounts saved and does not reflect the population as AAAAA AWE.
Millions live from hand to mouth every month and have small, if any, savings.
Money commentators also advise Sovers to seek accounts of best interest in the market, instead of solving a standard account available from their existing bank.
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Lightyear finance experts said: “We asked the respondents if they had an emergency fund and, if so, how much they had in it.
“One in 10 people (12%) said they did not have an emergency fund at all and that 23% have less than 500 saved for emergencies.
“The good news is that a fixed majority (88%) or respondents have an emergency fund.
“Fortunately, 30% of people said they have more than 10,000 reserved.
“It recommends that people have between three and six months” in essential expenses (such as rent or mortgage, food and invoices). ”
