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Family Resources Survey points to fragility in the UK household finances - IFA Magazine

Summary by IFA Magazine
Ian Futcher, financial planner at Quilter comments on the  the Family Resources Survey: The latest Family Resources Survey reveals that employment and self-employment income made up 74p of every £1 in household income in 2022/23. While earnings remain the backbone of household finances, they often fall short of covering real-world expenses. Alarmingly, 20% of families have no savings, and a further 28% have less than £1,500, highlighting the pre…
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IFA MagazineIFA Magazine

Family Resources Survey points to fragility in the UK household finances - IFA Magazine

Ian Futcher, financial planner at Quilter comments on the  the Family Resources Survey: The latest Family Resources Survey reveals that employment and self-employment income made up 74p of every £1 in household income in 2022/23. While earnings remain the backbone of household finances, they often fall short of covering real-world expenses. Alarmingly, 20% of families have no savings, and a further 28% have less than £1,500, highlighting the pre…

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headlinemoney.co.ukheadlinemoney.co.uk

Family Resources Survey points to fragility in the UK household finances

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headlinemoney.co.uk broke the news in on Thursday, March 27, 2025.
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