This chart shows people in a lone parent low-income household have seen only a marginal improvement (2 percentage points) in their ability to build up at least £250 of household savings. This is especially concerning given they already had a very high risk of low savings in 2012–14.
Most other high-risk poverty groups in the chart also saw small improvements of 3–4 percentage points in the chance of having household savings of at least £250.
Despite these improvements since 2012–14, more than half of people in all the groups still do not have household savings of at least £250. Furthermore, it is important to note that all these groups within the lowest household income quintile still have a higher risk of low savings compared with the risk faced by the wider lowest household income quintile group.
The data presented here is from our 2022 UK Poverty report, setting out the trends and impacts of poverty across the UK. Read the full report at UK Poverty 2022.