No savings are made by almost 30% of UK adults.
Savings are made by just over half of British people.
Britons are failing to save enough and are setting themselves up for a financial storm, according to a new publication.
The Everyone Needs a Plan report, compiled by Standard Life and Life Academy, highlights that only 51% of people are saving. A worrying 28% of adults actively choose not to save at all.
John Lawson, Head of Pensions Policy at Standard Life said: "The speed at which the population is ageing has created a dramatic need to shift from a culture of borrowing to one of saving".