monkeytassle
Striker
That's a ticking time bomb surely?
1 in 3 households have less than 1k in savings
- Thread starter monkeytassle
- Start date
Surprised it’s only 1 in 3. I’d guess I know as many people that have jack shit put aside as those that do
Survey taken in London?
I haven't got a grand in savings.
JL1985
Striker
Exactly this. Thought it would be well over 50% of households.
Gazoliver
Striker
Poor budgeting probably.
It should be taught from an early age the importance of putting a few quid aside for a rainy day and what is actually truly 'essential'
JonnotheMackem
Striker
I'm equally surprised it isn't closer to 50%
Lefty Frizzell
Striker
I thought the numbers would be much higher tbh. I know loads of people who are work check to work check and everything expensive they buy (cars, holidays, furniture) is always on the never never.
Unless you have an annual income of 40k per adult, I’d struggle to see how any household could make savings these days.
Unless you have an annual income of 40k per adult, I’d struggle to see how any household could make savings these days.
Kent_Mackem
Striker
Me too... I thought it would be quite a bit higher than that.
Banks
Striker
What a really disgusting answer.
Not everyone is blowing 50 quid a month at Starbucks. People are struggling to heat their homes.
You can't save if you have nothing to save
Teed
Striker
I think there's a fair few living in debt. Cars, holidays, credit cards, what happens when their paycheck to paycheck stops?
pinewaves1868
Midfield
Cos the, lets call them people for the sake of argument, who have control of the funds know that every time they release some into the wild the cannon-fodder will largely spend, spend, spend. We’re only keeping it warm for them. Even “savings” that are substantial to anyone with a real necessary job are accountably insignificant and in the long term will come back.
A bit like flogging off the utilities, aunty doris buys a few shares but in time they all end up back where they should be and the status quo is maintained. Very little interferes with the status quo.
A bit like flogging off the utilities, aunty doris buys a few shares but in time they all end up back where they should be and the status quo is maintained. Very little interferes with the status quo.
Lefty Frizzell
Striker
I reckon that would be much more telling. Is going to be a hell of a lot of households with debts for things you’ve listed that are 10 times what savings they have in the bank.
Bob Fleming
Striker
I've got fuck all. Spent the lot on an extension last year.
Banks
Striker
Yeah there are some living like that but cold hard facts are people are economically worse than they were 30 years ago yet people in their 60s love to sneer at young people but would be up in arms if there state pension was took away.
Divide and conquer at it's finest the government are to blame
Kent_Mackem
Striker
It's what they get told in their newspapers. The Tories would like everybody to think the poor are to blame, when actually they are the victims of Tory corruption and greed.
HABA87
Striker
Cars aren't really a luxury, they're pretty much essential for many.
Two cars were essential for my household pre Covid.
Getting to work wouldn't have been possible otherwise. Well it wold have, but it would have taken hours instead of minutes and would have cost about the same anyway.
