20% of people 'have no savings'

Press Association
Updated
Britons 'more upbeat about saving'
Britons 'more upbeat about saving'

One in five people has no savings to fall back on despite signs that the economy is improving, a report has warned.

Some 20% of people surveyed for Scottish Widows' Savings Report have no safety net for a "rainy day", marking the highest proportion seen since 2009 - the year the Bank of England slashed the base rate to its current ultra-low levels.
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