Third of people have no ’rainy day’ fund, says charity



Some 29 per cent of people had no leftover cash to put into an account which could cover emergency bills, StepChange Debt Charity found.

A further 19 per cent said that even when they could save, they had £50 or less available each month.

Nearly half (45 per cent) of people earning less than £20,000 had been unable to save in any of the previous 12 months, according to the charity’s survey of more than 3,200 people.

StepChange said many households are living in a “perilous financial state”, with a fifth saying they would not be able to survive financially for more than a month if their income fell by a quarter.

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