A survey commissioned for The AA finds that around one in ten adults in the UK have no savings safety net. The research indicates that many people may be financially unprepared for unexpected expenses: nearly two-fifths of respondents say they do not know how they would cover a £10,000 bill. The findings highlight concerns about household resilience to emergencies, such as sudden costs or income disruption. While the results focus on savings and preparedness rather than specific events, they suggest that a substantial portion of the adult population lacks clear plans for dealing with large, unexpected costs. The survey does not specify how the “no savings” figure is calculated, but it frames the issue in terms of people’s ability to draw on savings to meet potential bills. Overall, the reported figures point to limited financial buffers for some households and uncertainty about how others would handle major expenses.
Survey finds one in ten adults in UK have no savings safety net
A survey commissioned for The AA finds that around one in ten adults in the UK have no savings safety net. The research indicates that many people may be financially unprepared for unexpected expenses...
- A survey for The AA reports that about one in ten adults have no savings safety net.
- The survey finds nearly two-fifths of people do not know how they would cover a £10,000 bill.
- The results relate to UK adults’ preparedness for unexpected, large expenses.
- The reporting focuses on savings availability and knowledge of how to pay a major bill, rather than specific incidents.
Research for The AA also found nearly two-fifths of people do not know how they would cover a £10,000 bill.
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