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Daily Mirror
Daily Mirror
Business
Stian Alexander

UK's best and worst region for savers unveiled - with a £39,000 difference between them

Yorkshire folk have the biggest stash of cash in the UK.

Over-50s there average £52,600 in savings, investments and equity including property, a poll found.

Bottom of the table was the East Midlands – including cities such as Nottingham, Leicester and Derby – where the average person has just £13,600 to their name.

The study of 3,000 people across the UK by over-50s experts SunLife found one in five had £100 or less.

SunLife’s Simon Stanney said: “While over-50s in East Midlands have the lowest savings, a fifth of all over-50s don’t have any at all.”

Over-70s had an average £67,300.

Meanwhile the average monthly income for over-50s households was £2,175 – with outgoings at £1,833.

Biggest spend was on food and drink, at £275, while council tax and holidays were second at £129.

It also included £149 a month on savings.

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