Pandemic boosts ‘rainy day’ savings but many still short

Nearly 48% of people have built up a bigger ‘rainy day’ fund during the pandemic to cover spending for up to six months - although 20% of people said their savings fell during the crisis. 

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4 in 10 to use savings to cope with pandemic

More than four in ten (45%) British savers expect to draw cash out of savings and investments to cope with the impact of Coronavirus on their household’s finances.

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1 in 5 Britons have no ‘rainy day’ savings

1 in 5 British adults have no immediate access to ‘rainy day’ savings, according to a new survey of 2,000 adults.

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45m have less than a month’s salary saved

A new consumer survey has found that more than 45.5m UK consumers have less than one month’s salary set aside in savings.

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