This article is based on data from official government and regulatory sources. How we ensure accuracy
The average Briton has around £17,000 in savings — but the median is far lower. Here’s how savings compare across age groups and how to tell if you’re on track.
Average vs Median Savings by Age
Age Group
Mean (Average) Savings
Median Savings
18–24
£3,500
£1,000
25–34
£9,500
£3,500
35–44
£16,500
£6,000
45–54
£25,000
£10,500
55–64
£38,000
£15,000
65–74
£42,000
£18,000
75+
£35,000
£14,000
All ages
£17,000
£7,500
The average is pulled up by high savers — the median (middle person) gives a more realistic picture.
How Many People Have No Savings?
Age Group
% With No Savings
% With Under £1,000
18–24
28%
45%
25–34
22%
38%
35–44
18%
32%
45–54
15%
28%
55–64
12%
23%
65+
10%
20%
All ages
18%
32%
Nearly 1 in 5 adults has no savings at all, and almost a third have less than £1,000.
Savings Distribution
Savings Amount
% of Adults
£0 (no savings)
18%
£1 – £1,000
14%
£1,000 – £5,000
16%
£5,000 – £10,000
11%
£10,000 – £25,000
14%
£25,000 – £50,000
10%
£50,000 – £100,000
8%
Over £100,000
9%
Savings Benchmarks: Are You on Track?
Financial advisers typically recommend saving 3-6 months of expenses as an emergency fund, plus building long-term wealth. Here’s where you should aim:
WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.
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