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What Are The Average Savings By Age In The UK?

10th May 2024

The UK fell back into recession at the end of 2023, and it feels like everyone is either talking or worrying about money. As we navigate this economic downturn, many people will be turning to their nest eggs and emergency funds for help.

But how much money do Brits have in savings? And are you falling behind? In this blog, we dive into the average UK savings by age according to recent research from Finder.

WARNING: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

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Total amount to be repaid:

Annual percentage rate:

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Representative Example: £300 loan for 6 months at a fixed interest rate of 290% pa. Total amount payable is £540.35 in monthly instalments of £109.59, £107.60, £100.85, £86.95, £72.25 and £63.11. This is based on the amount of credit plus interest, no other fees apply. Representative 1265.8% APR

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What Are The Average Savings By Age In The UK?

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