It is important to have some savings aside, but are you putting away enough? Check the 2026 average savings by age and income in the UK here.
⏳ Reading Time: 10 minutes
It’s a well-known fact that rainy day savings are important. These rainy days can be anything from financial and medical emergencies to weddings, university fees, or moving house. But, despite the well-known importance of having money set aside, are people in the UK ready for that rainy day? The average savings by age statistics seem to indicate that they are not.
Are savings important?
Absolutely!
How much savings is enough?
'I earn £120,000 but have no savings': How much people really have in the bank
We earn £75,000 - but can only afford to save £20 a month
Millions in UK 'lose £1,400' with warning 'it could happen again'
Where in Europe do households save most of their income?
The economic gap between generations is on track to reach record levels
The average KiwiSaver balance for your age
One shock away from crisis: Report says nearly a fifth of PPR households have no savings, over half can last only three months or less
Dove in Europa le famiglie risparmiano di più del loro reddito?
June 2026 universal credit, benefits and pensions dates plus cost of living support
Early retirees and financially independent people share their top savings tips
