One in four UK families have less than £100 in savings,research finds.

Low-income families in Britain hold an average of only £95 in savings and investments, compared to a mean £62,885 that higher income families have, according to new research, which highlights the widening gap between rich and poor.

According to insurer Aviva’s Family Finances report, the savings gap between low and high-income families has increased 25 per cent year-on-year, from £50,072 to £62,790, with UK households facing increased financial pressure from stalling incomes and savings, combined with rising debt and inflation fears.Low-income families typically had £95 in savings this winter compared to £136 the same period last year. Among high-income families, savings jumped to £62,885 from £50,072 last year

Source:www.independent.co.uk\

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