Property News · March 31, 2017

UK households' savings fall to record low in warning sign for economy


Figures suggest people are increasingly dipping into their savings as disposable income also fallsBritish households ran down their savings to a record low at the end of 2016 and disposable incomes fell in a warning sign for the economy that a squeeze in living standards is under way.The savings ratio – which estimates the amount of money households have available to save as a percentage of their total disposable income – fell sharply in the fourth quarter to 3.3% from 5.3% in the third. Continue reading…

Source : theguardian.com
Read more…UK households’ savings fall to record low in warning sign for economy

You may also like...