Banks survey puts East Enders among worst savers in UK
Published:
5:41 PM August 4, 2011
Updated:
10:32 AM October 14, 2020
Hard-pressed folk in London’s East End are among Britain’s poorest money savers, says a nationwide survey of banks.
People in Tower Hamlets and neighbouring Hackney are almost at the bottom of a new league table of savers based on cash held in bank accounts.
Those in Tower Hamlets—Britain’s most deprived area—only have an average of �776 in their accounts, according to ING Direct’s savings monitor which tracks balances month-by-month. Those in neighbouring Hackney have even less, �749.
Only three areas are poorer for saving, such as Islington and Lambeth, both hovering around �750, while worst of all is central Manchester at �569.
