Over half of Brits don't have enough emergency savings

11% of UK households have a savings shortfall

clock • 2 min read
Over half of Brits don't have enough emergency savings

Over half of British adults are vulnerable to an interruption in regular income, according to Hargreaves Lansdown, which has found only 48% have enough emergency savings.

In a survey of 10,030 adults carried out by Focaldata, 52% of those who are of working age do not have enough savings to cover 3-6 months of essential spending. Hargreaves Lansdown has calculated this as having £2,999 in savings for the average single person, or £5,5567 for a couple. This is the minimum for three months, with these sums roughly doubling for a six month period of no income. "More than half of us are vulnerable to nasty surprises, because we don't have enough emergency savings...

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