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A third of Britons have no savings for unemployment back up

Over a third of the UK population say they have no savings or protection to back them up if they lose their jobs, despite 2.9m Britons fearing that they are in danger of becoming unemployed.
Research from Prudential found that 18 per cent of UK workers were off work last year due to long-term illness. Despite this, 36 per cent have no savings or protection in place and Prudential is warning that these people are 30 days away from financial crisis.
Only 10 per cent of Britons say they have insurance to cover periods of unemployment and 25 per cent say they could rely on financial support from family and friends.
Business director of Insurance Angus Maciver says: “Only one-in-ten of the people we surveyed said that they had planned financially for jobless or illness periods , But this leaves them in a precarious position – just 30 days from financial crisis. We would urge people to contact a financial adviser to plan their finances, in order to achieve their everyday financial aspirations and to secure their future.”

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