Nine million families without savings

According to HSBC nine million UK have less than £250 in savings. That's less than a weeks worth of money to act as a safety net if for whatever reason their 'life goes pear'.

The HSBC research indicates the figure has increased rapidly over the past year by nearly 800,000 as more and more families wrestle with the disconnect of wage inflation and the increasing cost of living. 

With more families facing financial struggle it leaves landlords with the increasing risk of rent arrears.

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