Abbey: Financial fitness low in Britain

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Abbey: Financial fitness low in Britain

A financial fitness study carried out by Abbey has found that the vast majority of Britons are not in top financial condition.

According to the results, one per cent of UK adults could be considered to be in 'peak' financial health, while the average consumer is 43 per cent 'overweight'.

The Abbey research measured financial fitness by considering the competitiveness of financial products held by a person, as well as the frequency with which they shopped for better deals.

Mortgages, credit cards, savings, insurance and bank accounts were all taken into account by Abbey as part of the study.

Commenting on the findings, director at Abbey Sue Hayes said: "As many gear up to shift the pounds they pile on over the festive period, we would encourage people to review the financial products they hold and shop around to ensure that they are getting the most competitive deal available."

In other recent Abbey research, it was revealed that ten million Britons had used their savings to help other people.
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