- Friday, 5 March 2010More people may find themselves needing
IVA advice following new figures that reveal record low saving levels among the UK population.
According to the NS&I survey, the amount of money that the population is saving has decreased to its lowest level for over two years.
Britons are now setting aside 6.25 per cent of their monthly take-home income, down from 6.48 per cent this time last year and its lowest level since summer 2007.
In monetary value, average savings have fallen from £90.12 a year ago to £81.94 over the 2008/09 winter.
Commenting on the figures, Tim Mack, senior savings spokesman for NS&I, said: "With the new financial year approaching, now is a good time for people to take a closer look at their finances and set themselves savings goals for the year ahead."
According to recent research from uSwitch, some 5.4 million people are spending more than they earn, while around 13 million are just breaking even at the end of every month.
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