More people have bank accounts but one in ten have no cash savings, FCA survey reveals 16/05/2025

News Financial services General Updates

Date: 16th May, 2025 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

"On May 16, 2024, the Financial Conduct Authority issued an update regarding financial resilience in the UK. The FCA found that one in ten people have no cash savings and one in four have low financial resilience, but also reported progress on access to basic banking services and a reduction in digital exclusion."

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Financial Conduct Authority

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More people have bank accounts but one in ten have no cash savings, FCA survey reveals 16/05/2025

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More people have bank accounts but one in ten have no cash savings, FCA survey reveals 16/05/2025

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