If you were to lose your job tomorrow, how long would your savings last you?

Money_Advice_Service

Does it worry you?

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TBC15

I’ve planed for……….Forever. Yes it worries me.

Thrugelmir

A very broad question that has a multitude of answers. Perhaps better asked in the form of a questionnaire.

Personally no worries. Though hasn't always been the case.

Glen_Clark

Sound like going to Church and asking what percentage of people believe in God
Hardly likely to get a representative sample of people's level of savings on a Savings & Investment forum.
Is this some kind of political propoganda to show how well the average person is doing? :rotfl:

Money_Advice_Service

Hey there, thanks for pointing out the typo - fixed it.

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Alice_Holt

30 plus years.

No.

Doubt that the responses on this forum would represent society as a whole.
Most forumites on here seem very knowledgeable about personal finance, and I imagine many have accumulated savings / investments / pensions over the decades. The quality of debate on here is high, suggesting to me that forumites are well educated, and therefore may be likely to have (or had) better than average salaries (thus enabling them to make provision for future years)

PS, I would have thought some context to why the question was asked would have been helpful, not sure how useful responses would be to MAS without an indication of the age group of the responder.

Exodi

Probably two years, I'm only 27 though so I don't feel too bad about it.

MaxiRobriguez

About five seconds if coming out of my savings/emergency fund.

But I'd be due a five figure redundancy payout and I could dip into offset mortgage bank, so I'm not too worried.

My emergency fund wouldn't be knackered if the wife to be would stop spending on additional crap for our wedidng.

Thrugelmir

Alice_Holt wrote: »

and therefore may be likely to have (or had) better than average salaries (thus enabling them to make provision for future years)

Or a different upbringing. Brought up to save by default. Was my father that told me to start a pension immediately I started work. That's was £10 per month over 4 decades ago. (Now it's a must have mobile phone). Much sage advice has been lost in the mists of time. As marketing has encouraged people to act in a far less frugal manner.

TBC15

MaxiRobriguez wrote: »

About five seconds if coming out of my savings/emergency fund.

But I'd be due a five figure redundancy payout and I could dip into offset mortgage bank, so I'm not too worried.

My emergency fund wouldn't be knackered if the wife to be would stop spending on additional crap for our wedidng.

Just jot the costs down and remind her this was her day when it comes to splitting assets.