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Over 17m People in The UK Have Less Than £100 in Savings

OPINION

Over 17m People in The UK Have Less Than £100 in Savings

17 Million People Are Thought to Have Less Than £100 in Savings, Leaving Them in Financial Hardship Should Disaster Strike

Recent studies and research has shown that nearly 17 million, working age people, have less than £100 in savings.

The poll which was conducted by Money Advice Service shown that to fifths of working age people lack a savings buffer of at least £100, this equates to around 16.8 million people.

This shows that if many people were met with a unexpected bill or financial emergency, they’d struggle to come up with the funds to make payment. It is just more proof that we are living in ever more difficult times and financial hardship is ever more evident in our society.

This news comes at a time when the likes of British gas have raised their energy prices by 12.5%, this comes after Theresa May and the Conservative government, promised during their general election campaign to cut energy prices to support working families.

It’s just one of many u-turns the Tories have taken since their disastrous general election campaign of 2017.

It’s about time that austerity was stopped and that Theresa May and the Conservative government be held to account for their dozens of false promises and lies they have peddled.

Mrs May continues to spin a false narrative that we are now financially better off than we have ever been, for 17 million people this is clearly not the case and it would appear Theresa May is clearly out of touch with reality.

Richard McKeag

Richard is a blogger and social activist. He’s the founder of Free & Fearless and also writes for a local news publication where he lives. Richard, also known as Rickeo is also a digital marketer and has a passion for website design, SEO and internet security.

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