Figures from NatWest bank reveal that 50 per cent of adults do not put anything aside when they are paid each month. A further 25 per cent spend more than they earn and go into debt or raid any savings they do have to fund their lifestyles. NatWest found that whether a person saves money is mostly down to their financial habits and attitudes to cash. She added that having even £1,000 of savings can almost halve the risk of experiencing problem debt. 'Our research shows that, if every household had £1,000 of accessible savings, 500,000 fewer households would face problem debt,' she said.

Source: Daily Mail October 20, 2019 21:00 UTC