Adults aged 45-54 most at risk of financial strain: The Exeter

According to its survey of 2,000 UK adults, 47% had less than £5,000 in emergency savings, which the provider said would leave many adults vulnerable if they were suddenly unable to work. Meanwhile, 10% had below £500 in savings to cover essential expenses and 14% had no savings at all. Financial strain was found across all age groups but those aged between 45-54 were most at risk; 54% of respondents in this age bracket had below £2,500 saved and 21% had nothing to fall back on, which is the highest proportion of any generation. The Exeter added that the research challenges the ass...