THREAD @DailyMirror @JosephDWilkes has a story today covering our analysis showing how vulnerable families are heading into the economic storm mirror.co.uk/news/uk-news/c… 1/8
This is especially worrying because the ONS today published polling showing that already 27% of people are using savings to cover living costs ons.gov.uk/peoplepopulati… 2/8 
National picture
- Almost 7m children live in families with NO savings
- 1.75m children live in families with savings that amount to less than £1500 4/8
- Almost 7m children live in families with NO savings
- 1.75m children live in families with savings that amount to less than £1500 4/8
A 'paycheque' way...
We calculated that the median household monthly income for families with children in these 3 years was £1569.
So, at least 8.6m children lived in families with no savings or savings worth less than a typical monthly income
(obvs, income > earnings) 5/8
We calculated that the median household monthly income for families with children in these 3 years was £1569.
So, at least 8.6m children lived in families with no savings or savings worth less than a typical monthly income
(obvs, income > earnings) 5/8
Regional picture
Even in the relatively prosperous South East, 56% of children lived in families with little or no savings. In the North East the figure was much higher - 71% 6/8
Even in the relatively prosperous South East, 56% of children lived in families with little or no savings. In the North East the figure was much higher - 71% 6/8
Looking deeper...
We also looked at savings by household income in the regions.
In the North West and Merseyside, 88% of the families of the poorest fifth of children had little or no savings 7/8
We also looked at savings by household income in the regions.
In the North West and Merseyside, 88% of the families of the poorest fifth of children had little or no savings 7/8
In the nations..
Wales looks particularly exposed, with 69% of children in families with little or no savings 8/8
Wales looks particularly exposed, with 69% of children in families with little or no savings 8/8
In fact, 46% of people are saying they need to use savings or borrow for living costs already
@threadreaderapp pls unroll
