One in six (17 per cent) adults have no savings, according to research for a Government-backed body.
Nearly one in 10 (nine per cent) people surveyed have £100 or less put by, a survey of 3,000 people for the Money and Pensions Service (MaPS) found. One in 20 (five per cent) people surveyed said they have less than £50 in their savings pot and a further four per cent have £50 to £100.
The research findings were released to mark Talk Money Week (November 7 to 11). The service said its findings indicate that around a quarter of adults are living without a financial safety net to cope with the rising cost of living or unexpected bills.
