Families too stretched to save says Aviva

Families failing to save due to debt repayments and lifestyle expenses. Savings levels are low amongst families marred by the cost of living. A third of families have no savings at all, according to an Aviva report. The insurer found that although there are many Britons who are surviving through the post recession climate there are others who are struggling. It's research highlighted that 40% of people are unable to make any monthly savings due to debt repayments and the rising cost of living. Even among the families that are able to save, 25% have savings of less than £2000. The report outlined that over half of families living in the UK are worried about the cost of necessities with 45% concerned about redundancies and 39% anxious about unexpected expenses.