The average UK adult has £11,185 in savings. However, this figure can be quite misleading, as it doesn't account for the wide range of savings amounts across the population.
- Younger people are less likely to have significant savings.
- Older adults may have accumulated more savings over time, but also may have a higher proportion of their savings tied up in pensions.
The average savings amount can also vary depending on factors like income, household size, and debt levels.
It's important to note that these figures are just averages and may not reflect the reality of your own personal savings situation. It's always a good idea to review your own savings goals and make sure you're on track to achieve them.
