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Annual household savings ratio forecast in the UK 1998-2024

Published by Statista Research Department, Mar 16, 2022
In 2024, households in the United Kingdom (UK) are expected to have reduced their savings rate on average by 0.5 points since 2022. The first year of the COVID-19 pandemic saw a rise of the savings rate at 13.75 percent. However, from 2022 onwards the savings rate is forecasted to be under 5 percent.

Forecasted annual average household savings ratio in the United Kingdom (UK) from 1998 to 2024

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Sources

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Release date

February 2022

Region

United Kingdom

Survey time period

1998 to 2024

Supplementary notes

Household saving ratio: Annual average. Percentage of total available household resources. Based on NRJS.
* Averages over the period.

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Statistics on " Savings in the United Kingdom (UK) "

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Statistics on Savings in the United Kingdom (UK)

Overview

6

Individual Savings Accounts (ISAs)

6

Retirement savings

5

COVID-19 pandemic impact

5

Further related statistics

15

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