Ownership of savings accounts in the UK 2023, by income

Published by
Fernando de Querol Cumbrera,
Mar 8, 2024
Overall, adults in the United Kingdom (UK) with a lower income were less likely to own a short-term or long-term savings account in 2023. Roughly 73 percent of adults of up to 64 years of age with an income between 57,600 and 76,800 British pounds had a savings account. In contrast, only 44 percent of respondents with an income of less than 15,600 British pounds owned a savings account.

Share of people who own short or long-term savings accounts in the United Kingdom (UK) in 2023, by household income

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Source

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Release date

February 2024

Region

United Kingdom

Survey time period

January 5 to December 11, 2023

Number of respondents

24,187 respondents

Age group

18-64 years

Special properties

Residential online population

Method of interview

Online survey

Supplementary notes

The question was phrased by the source as follows: "Which of these financial products and investments do you currently use/own?"

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