Figures suggest people are increasingly dipping into their savings as disposable income also falls
British households ran down their savings to a record low at the end of 2016 and disposable incomes fell in a warning sign for the economy that a squeeze in living standards is under way.
The savings ratio – which estimates the amount of money households have available to save as a percentage of their total disposable income – fell sharply in the fourth quarter to 3.3% from 5.3% in the third.
Continue reading...March 31, 2017 at 04:31PM
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