Half of twenty-somethings have no savings

Half of twenty-somethings have no savings

According to the BBC "Young people in the UK are losing the savings habit - with more than half of 22 to 29-year-olds living with no savings at all, official figures show. Some 53% of this age group have nothing in a savings account or Individual Savings Account (ISA), the Office for National Statistics (ONS) said. 

The squeeze on pay and the prevalence of insecure work mean many cannot put money aside. Ten years ago, 41% of the equivalent age group had no savings." Read more  


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