‘I have saved exactly £0’: how soaring costs have hit Britons’ nest eggs and pensions

Tales of dwindling savings, frozen retirement pots and stringent frugality to put something aside for the future

Andrew, a writer in his mid-30s from Essex, would be considered middle class by most, but his financial setup is precarious.

“I have £4k in my savings account, and around £4k in stocks and shares. With a mortgage, childcare fees and other living expenses to cover, our monthly outgoings are always at least £2,800. Our savings would quickly vanish if our household income ceased,” he said.

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