Sunday, August 19, 2007
Nothing left for a rainy day
Almost one in four Brits (23%) have no savings set aside for a rainy day - and parents with young children are those most likely to be living on the edge - according to new research from Combined Insurance... "Over the last two years, our community research has revealed that many Brits can see the cost of living going up, yet an alarming number have no savings at all. The longstanding rule of thumb that people should have three months salary in savings has gone out the window as many people are simply living from hand to mouth. The nation is living on the edge"