Average savings per year UK
https://www.nimblefins.co.uk/savings-accounts/average-household-savings-uk#savingsperyear
The typical UK household saves £2,160 per year—this represents the median amount saved annually, so half of households save less than £2,160 each year and half save more.
The average amount saved each year is £5,403 per household. This average figure is more than 2X higher than the median figure because a small number of households have very high savings rates. For example, households in the top quintile of income save an average of £21,798 each year. In contrast, the bottom quintile of earners saves -£4,221 a year.How much do UK households save each year?Median (50% of households save more than this, 50% save less)£2,160
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below to understand the difference between average ( arithmetic mean) and median
The median is that point at which 50% of people save more than 50% save less.
The arithmetic mean is higher because it is skewed by a small number of people being very rich and therefore saving much more. The media give a more helpful indication of where the centre is and centre is a lot lower then we might imagine.) The bracketed paragraph was written by Katherine
Next paragraph is from the article itself
The average amount saved each year is £5,403 per household. This average figure is more than 2X higher than the median figure because a small number of households have very high savings rates. For example, households in the top quintile of income save an average of £21,798 each year. In contrast, the bottom quintile of earners saves -£4,221 a year.
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