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18th December 2025
04:10pm GMT
Knowing how your financial situation compares to that of your friends or people in your age group can be hard and stressful, so you’re probably not one to willingly bring up the topic of money or your savings.
While it can be easier to just ignore it altogether and not talk about it or stress over it much, experts have investigated for you so you can be prepared in the event of awkward conversations.
Experts at Finder have worked out the UK median savings for different age brackets, however keep in mind that there are adults with zero savings in all the categories.
And in a time of the cost of living crisis, for many people even thinking about their savings is an extremely difficult task.
According to the latest data, nearly half of adults in the UK (46 per cent) have £1,000 or less in savings, while 25% have than £200 saved.
Age 18-24 – Median savings: £3,636
It is unlikely that you have much stored away at this age, as your lifestyle changes very quickly. Saving money, while not impossible, can actually be quite difficult in this age group.
It’s not easy to demand high ages at this age either, considering the state of the job market. So, you’re doing fine if you manage to keep up with jobs and perhaps university too in the mix.
Age 25-34 – Median savings: £3,748
While some of your friends might be parents at this age, you and other friends might still be figuring out what sort of career you are going after. It is a strange time indeed, your late 20s and 30s. You will be asking yourself if you are an adult now or still should enjoy your youth.
In fact, compared to the 18-24 bracket this one hasn’t changed all that much.
Age 35-44 – Median savings: £5,714
Now this is the age group where savings have jumped up. Maybe you’ve moved up in your career or the plans you made when you were younger are finally becoming a reality.
Age 45-54 – Median savings: £9,402
It seems that wisdom comes with age, and you will have much more saved in this age group. The increase in savings here is rapid, and maybe it’s because you know how to spend better. Or perhaps it has to do with the fact that you’ve reached your career peak and now you have just enough money to save more.
Age 55-73 – Median savings: £18,245
At this age, you are most likely to own your home and probably have plans saved for your retirement. So, it all makes sense really, having more significantly at this age than when you were a young’un.
Age 74+ – Median savings: £36,940
It should probably come as no surprise seeing that this category has the biggest amount of savings.
The data shows that there doesn’t seem to be a noticeable difference based on gender, though. Men have an average of £11,805 in savings overall, while women £10,563.
