Credit crunch means dipping into savings

Story link: Credit crunch means dipping into savings

Let’s face it, we don’t save for years on end never to spend the money, so there is no time like the present to get those savings out to keep your finances afloat.

Around 50% of UK savers have withdrawn some of their savings, with around 18% of people saying they have used up to 10% already!

Credit crunch means dipping into savings

A survey has found that nearly half of Brits have withdrawn money from their savings accounts to help them make up the shortfalls in their income during the credit crunch.

Fairinvestment.co.uk, which conducted the study, found that 18 per cent of the people it polled have already used up ten per cent of their savings since the credit crunch hit.