Average savings in UK 11k, despite 46% having less than 1k in savings

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Current Events » Average savings in UK 11k, despite 46% having less than 1k in savings
pinky0926
04/30/2024
12:10 PM
#1
  • The average person in the UK has 11,185 in savings in 2024.
  • 68% of Brits have some money in savings in 2024. However, almost half of Brits (46%) have 1,000 or less in savings, and a quarter of Brits (25%) have 200 or less.
  • 1 in 6 UK adults (16%) have no savings at all, equating to around 8.7 million people.
https://www.finder.com/uk/savings-accounts/saving-statistics

The wealth divide is really something

CE's Resident Scotsman.
http://i.imgur.com/ILz2ZbV.jpg
DarthAragorn
04/30/2024
12:14 PM
#2
average is consistently a terrible way to measure anything financially, used solely to make things look better than they actually are
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Southernfatman
04/30/2024
12:14 PM
#3
I imagine over in the UK, there are people who defend this sort of thing and say things like "well just work harder", "get a second job", and "stop spending money on avocado toast (or the Brit equivalent)" like we do in the US.
Fix your hearts or die.
When I sin I sin real good.
DrizztLink
04/30/2024
12:14 PM
#4
Southernfatman posted...
"stop spending money on avocado toast loicences"
He/Him http://guidesmedia.ign.com/guides/9846/images/slowpoke.gif https://i.imgur.com/M8h2ATe.png
https://i.imgur.com/6ezFwG1.png
thronedfire2
04/30/2024
12:15 PM
#5
Southernfatman posted...
I imagine over in the UK, there are people who defend this sort of thing and say things like "well just work harder", "get a second job", and "stop spending money on avocado toast (or the Brit equivalent)" like we do in the US.

no more full English breakfasts for the poors
I could see you, but I couldn't hear you You were holding your hat in the breeze Turning away from me In this moment you were stolen...
streamofthesky
04/30/2024
12:16 PM
#6
pinky0926 posted...
https://www.finder.com/uk/savings-accounts/saving-statistics

Wow, that sure is a lot of information...
Ctrl+F: "median"; result: Phrase not found

Worthless data
havean776
04/30/2024
12:17 PM
#7
Southernfatman posted...
I imagine over in the UK, there are people who defend this sort of thing and say things like "well just work harder", "get a second job", and "stop spending money on avocado toast (or the Brit equivalent)" like we do in the US.
Yep that's what our Prime Minster said. "Why not just get better paying jobs?"
"I will either find a way, or make one."
Hannibal Barca
#8
Post #8 was unavailable or deleted.
DrizztLink
04/30/2024
12:17 PM
#9
thronedfire2 posted...
no more full English breakfasts for the poors
Engl-ish breakfast.

Fourteen beans and some blood.

Not blood sausage, just like a vial.
He/Him http://guidesmedia.ign.com/guides/9846/images/slowpoke.gif https://i.imgur.com/M8h2ATe.png
https://i.imgur.com/6ezFwG1.png
Spurner
04/30/2024
12:17 PM
#10
From now on, itll be fish or chips.
ai123
04/30/2024
12:17 PM
#11
Southernfatman posted...
I imagine over in the UK, there are people who defend this sort of thing and say things like "well just work harder", "get a second job", and "stop spending money on avocado toast (or the Brit equivalent)" like we do in the US.
The British don't have the 'can do' attitude of the Americans. The racists will blame immigrants, the rest will shrug and say 'yeah, it's fucked up, mate'.
'Vinyl is the poor man's art collection'.
pinky0926
04/30/2024
12:18 PM
#12
Southernfatman posted...
I imagine over in the UK, there are people who defend this sort of thing and say things like "well just work harder", "get a second job", and "stop spending money on avocado toast (or the Brit equivalent)" like we do in the US.

Brits in general have a slightly more socialist and slightly less work-capitalist mindset comparative to america (for example, working more than 40 hours a week isn't exactly celebrated here, people just look at you like there's something wrong with you), so instead all that angst is directed at the government for doing too little/not enough or on immigrants for taking all the jobs/not working and costing benefits

We certainly have wealthy old money conservatives in charge who believe that the fix for people being poor is to not be poor, though
CE's Resident Scotsman.
http://i.imgur.com/ILz2ZbV.jpg
ironman2009
04/30/2024
12:22 PM
#13
oi bruv, run ya jewels blud before ya laid out on the cobbles
THRILLHO
Current Events » Average savings in UK 11k, despite 46% having less than 1k in savings