More Scots saving for a rainy day
The average household is putting aside more rainy day cash than ever before, at £72 a month, up from £50 a month last spring.
The increase comes even as Scots have seen incomes fall by 9 per cent over the last year, according to the latest family finances report from Aviva.
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Hide AdHowever, it also shows that while some are saving more, the number of households unable to put any cash aside has also risen. Almost a third of Scottish families are saving for a rainy day, yet another 30 per cent, a record low, are not saving anything.
Households in Scotland have been more successful in keeping down their debts, with the average amount in unsecured loans – £4,500 – comparing well with the UK average of more than £11,000.