no cash savings, with a further 32 percent of the population having between zero and two thousand British pounds.
In 2017, around 6.5 million adults in the United Kingdom had no cash savings. Once you are an adult, having savings is a key element of preparing yourself for life’s little and big surprises. Building cash savings can be a difficult task as it takes careful planning, and time to accumulate. Those aged between 18 and 24 years of age in the United Kingdom have the lowest mean amount in cash savings of any age group. As of 2017, one in eight UK adults had Mean amount of cash savings in the United Kingdom (UK) in 2017, by age group (in 1,000 GBP)
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Financial Conduct Authority. (October 31, 2017). Mean amount of cash savings in the United Kingdom (UK) in 2017, by age group (in 1,000 GBP) [Graph]. In Statista. Retrieved May 23, 2022, from https://www.statista.com/statistics/824450/average-cash-saving-united-kingdom-by-age/
Financial Conduct Authority. "Mean amount of cash savings in the United Kingdom (UK) in 2017, by age group (in 1,000 GBP)." Chart. October 31, 2017. Statista. Accessed May 23, 2022. https://www.statista.com/statistics/824450/average-cash-saving-united-kingdom-by-age/
Financial Conduct Authority. (2017). Mean amount of cash savings in the United Kingdom (UK) in 2017, by age group (in 1,000 GBP). Statista. Statista Inc.. Accessed: May 23, 2022. https://www.statista.com/statistics/824450/average-cash-saving-united-kingdom-by-age/
Financial Conduct Authority. "Mean Amount of Cash Savings in The United Kingdom (Uk) in 2017, by Age Group (in 1,000 Gbp)." Statista, Statista Inc., 31 Oct 2017, https://www.statista.com/statistics/824450/average-cash-saving-united-kingdom-by-age/
Financial Conduct Authority, Mean amount of cash savings in the United Kingdom (UK) in 2017, by age group (in 1,000 GBP) Statista, https://www.statista.com/statistics/824450/average-cash-saving-united-kingdom-by-age/ (last visited May 23, 2022)