Millions have less than £100 in savings, study finds
More than 16m people in the UK have savings of less than £100, a study by the Money Advice Service (MAS) has found.
In five areas of the country, more than half the adult population has savings below that level.
Those areas are Northern Ireland, the West Midlands, Yorkshire and Humber, North East England and Wales.
The MAS said the findings were worrying and presented a particular challenge for low earners.
"These figures show the millions put at risk by the saving gaps in the UK," said Nick Hill, money expert at the service.
"For some on low incomes, saving is a real... read more