Research has found that almost nine million households across the UK would collapse in a week if they suddenly lost their income. One in three UK households or 8.8 million have less than £250 in savings set aside as a financial safety net, and they would be brought to their knees if they lost their income.
The findings show a household with average monthly outgoings of £1,500 would only last five days before running out of funds. But, for a quarter of people, it would be almost immediate as they have no savings at all to fall back on
The findings show a household with average monthly outgoings of £1,500 would only last five days before running out of funds. But, for a quarter of people, it would be almost immediate as they have no savings at all to fall back on
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