Did you know that up to a third of Brits (34%) have either no savings or less than £1,000 in a savings account? This equates to around 22.8 million people with very little or no money to fall back on, with under half (47%) of 18-24 year-olds having less than £1,000 in their savings account. In reality, savings habits and financial security vary greatly across age groups. With the rising cost of living, it’s no surprise that saving money can feel like an uphill struggle, especially for younger adults. But no matter your age or situation, there are ways to build better habits to help you save more effectively.
