The state of UK saving habits

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Brought to you by Shepherds Friendly Society

A recent survey on the saving habits of 2,000 adults in the UK carried out by YouGov on behalf of Shepherds Friendly revealed that 1 in 6 adults don’t have any savings at all.

Having a healthy savings account is something everyone aspires to, whether it’s for a rainy day, helping a child through University or money put away for a comfortable retirement. These dreams cannot come to fruition without taking the time to plan and save in the first place.

The survey highlighted that for those who do save in the UK, the majority aren’t saving for long-term goals. Instead, they are prioritising for short-term goals such as saving for a holiday or to “do up” their home.

The key findings of the survey were:

  • 42% save money once a month
  • 61% would last for a year or less without any income
  • 32% don’t budget their savings
  • 46% would use the internet for advice on how to save money

See how the following infographic, designed by the team at Shepherds Friendly, summarises the findings and illustrates how the different demographics are saving or not.

The state of UK saving habits

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