Some 11 million adults in the UK have absolutely no money deposited in savings, worrying new research has found.
It means that around one in five people have no funds to fall back on, according to Santander.
Over the past year, the average monthly deposit amount has also fallen 7%; in 2011, Britons were depositing an average of £112 per month, a figure that has dropped to the current average of £105.
At £128 per month, male savers are depositing 54% more than females, who are only setting aside an average of £83 each month.
Female monthly deposits have also reduced by 8% over the past 12 months, compared to a 5% drop in the average deposit made by male savers over the same period.
Going forward, Britain 's saving habits look set to improve, with 23% of people planning to increase the amount they set aside over the next few months, rising to 43% for younger savers aged 18-34.
"The fact that people are saving slightly less this year than last is in-line with expectations, as household budgets continue to tighten but living costs still edge upwards," Matt Hall, head of savings at Santander, commented.
"The slight reduction in monthly deposits simply shows that people are managing their money, with a significant proportion of savers planning to increase the amount they deposit over the next few months.
"Our real concern is for people who have no money set aside in savings accounts and for those who have stopped making monthly deposits.
"We'd urge these people to review their spending thoroughly to identify opportunities to make even the smallest of cutbacks."
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