UK among top countries with best perceived financial health
The UK, alongside Poland and Germany, are the European countries with the highest levels of perceived financial health.
A report by the European Financial Planning Association found the UK scored 4.5 out of 7 points on its perceived financial health by respondents. Poland received the highest score of 4.6 and Germany came third with 4.4. Italy and Hungary were at the bottom of the list scoring 4.1 and 3.9 respectively.
The study analysed the financial habits of 14,318 citizens from 12 European countries. It found 90 per cent of respondents considered their financial health to be critical, with 80 per cent recognising they needed to improve their education to strengthen it.
- 51 per cent kept their savings in cash or current accounts
- only 36 per cent saving regularly
Author summary: UK ranks high in financial health.
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