Ashbourne News Telegraph

1 in 5 have just £100 savings

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AROUND one in five (19%) adults have less than £100 in savings, according to a building society.

Indicating a widening gap in the UK’S financial wellbeing, a similar proportion (20%) of people have managed to increase their monthly savings during the pandemic.

The research was carried out for Yorkshire Building Society, which has set out an ambition to help more people save.

It found that 21% of people are not saving, compared with 12% when similar research was carried out in 2019.

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