British workers admit they lack savings

British workers are failing to protect themselves financially in the eventuality of unemployment according to new research out today. The research commissioned by Yorkshire Building Society has shown that just over a quarter of people (26 per cent) say they would financially last less than a month if they were to lose their job, whilst 11 per cent would only last a few days living on their savings if this were the case.

Failure to save anything means that many British workers would not last at all if they were to become unemployed. One in six workers with a monthly salary admit that they are not able to put any money into savings, whilst 36 per cent save less than £50 per month.

Aston spoke to Mike Regnier CEO, Yorkshire Building Society and Sue Anderson from stepchange about as to why British workers admitting they lack on their savings.