Yorkshire Building Society: Britons '52 days to financial disaster'
www.moneynews.co.uk > General finance > Yorkshire Building Society: Britons '52 days to financial disaster'
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Money News |
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Yorkshire Building Society: Britons '52 days to financial disaster'
Fri 25th Jul 2008
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According to its survey, average monthly outgoings total £1,445, while average accessible savings are £2,474.
More than a third (36 per cent) would last just 11 days.
Women, divorcees and those aged 35-44 are the most vulnerable, while those who are widowed, aged 55 and over or live in Wales are the best protected.
In total, 90 per cent of people have no income protection.
Tanya Jackson, corporate affairs manager, said the results were "alarming" and said people should consider taking out protection programmes in case they are rendered unable to work through illness.
Simon Burgess, head of British Insurance, recently urged people to take out income protection policies lest they lose their jobs.
He stated: "The outlay is miniscule compared to the return should you need to claim."
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Related News : Insurance |
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