Family savings under most pressure for seven years as coronavirus bites
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mirror.co.ukWorking age households' savings pots came under the biggest squeeze since 2013 during the last three months of 2020, according to a report.
The decline largely reflects sustained pressure on incomes from employment during the coronavirus pandemic, according to the Scottish Widows household finance index.
The "savings index" part of the study produced a score of 44.0 in the final quarter of 2020, pointing to a sharp decrease in the amount of savings at households' disposal.
It marked the lowest score since the fourth quarter of 2013, when the score was 43.4. To produce the savings score, people are asked how their levels of household savings have changed compared with a month earlier.
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